Hi there. Price is in an uptrend. Wait for the price to form a continuation pattern and watch strong price action for buy. Platinum as gold and silver is inversely correlated to dollar, so more the dollar fall, platinum rise. Don’t take a trade if you don’t see clearly when big guys are in.
After studying market on the Monthly (1M) view I strongly believe Platinum has bottomed out and headed up with indication of trend reversal to follow in the coming weeks. Last time the market hit this low was in 2008, however, came quite close in 2016. I highly doubt there will be much further downtrend below 760.99 but I do remain prepared for such a possibility....
Looks like a very solid bottom formation. Safe play is waiting for a break of the neckline, risky play is starting to scale in here. Should not drop below the 815 anymore
For almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period. In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart. Firstly, note how Amplats is...
Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214,...
Reverse H&S pattern formed on a daily time frame. RSI divergence as well. Now a down trend line broken, 50 and 100 SMA and the neckline of the pattern. MPO set to go to 920 area. Potential resistance in the way is 880 and 900 level and 200 SMA. The pattern formed after a bounce from a major support zone on a weekly chart. Platinum reflects the gold chart and is...
$PLATINUM XPTUSD coming back from 2 decade lows . Needs RSI to go above 50 and stay there. Also watch for 21ema/50dma cross. This can be epic
This is a plan set for 30 years not for daily scalping.
Platinum acts as a substitute to Palladium for material in catalytic converters. Only quite recently has the price of Palladium soared (currently at 1,070) above the price of Platinum (816), this will make platinum a more attractive option for producers and this demand should drive the price up. The Platinum price has bounced strongly off the all-time low support...
XPT/USD has for the first time broken above the 200 EMA since the beginning of the year of 2018. This is a good sign of long term reversal from a bearish trend to a bullish trend. ***We can expect it to move higher up if the current support above the 50 EMA on the 4 Hour holds strong. Give it some more time for confirmation, and enter as it confirms its support...
Hallo again, following my previous post please find below the daily chart of Platinum that may anticipate a move in Gold. Remember that on the 25-26 September there is the FED meeting. Please share your views and comments. Any idea is a contribution for better understanding The Matrix. Please note that I am not a professional trader and these are my personal...
XPTUSD broke out of the Adam and Eve pattern. Cheers!
Anyone that is in this buy, you might want to consider letting some run to the 50-62% area. It will definitely face some resistance at the 38% fib/ low (ray line) area, but considering how it looks, it may correct and continue upward. The daily is showing to be overextended, but the weekly looks like it may trend up more. All the platinum charts were showing...