Keeping an eye for incase the handle breaks the lower trendline.
Platinum Trading around 904 level if on Daily Chart We last Time When price was 930 RSI was around 26.15 level where now price is 904 and RSI is around 33 level some things going to happen. Strong Support seems around 880. If hold above a jump Expected toward 955-990. Who Trade Platinum Can enter in this trade in range of 904.894 sl below 880 TP1 950-990
Breakdown of consolidation is possible both upward and downward. Target levels are in zones of long-term support / resistance levels.
Currently short silver (see Silver Mar17) so looking to get long Platinum
Weekly Platinum is consolidating setting up for a breakout to the upside. Looking at current support at 886.8xx. If support holds at this area, price should continue up based on rhythm of TRIX and TSI. Monthly TSI and TRIX are turning up. A breakout of price from current weekly consolidation looks to be to upside. Daily chart with weekly consolidation...
Platinum Trading at 940-41 level where Strong support zone 915 if hold above that level a move toward 980-1020 we can see. Who Trade in this pair can go for long in range of 939-923 sl below 913 TP 980-1020
Platinum has roared through resistance at the edge of its recent distribution (as observed in the distribution on the left axis). Some of the classicists might call it an inverse head and shoulders. Whatever the pattern interpretation, it looks particularly bullish!
Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level originally rejected in November.
Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level originally rejected in November.
As I called last week perfectly. We are at another decision point. I'm an agnostic trader so I don't care where gold goes in the long run. I trade what I see. If Gold breaks 1190 I will enter long position from 1191 to 1200 with a SL at 1187 If we don't and we break below 1180 - we will retest to 1160. I will enter short at 1178 with a SL of 1182. Good Luck
Entered Short at 983... SL 986 PT 950
trend broken lookink to buy in white zone after breach of 1020.18
Price tested MN DZ, into MN DZ nice W1/D1 DZ. W8ting for deep penetration to Zone and long.
As usual the chart tells the story. In 2016 we had a 5 wave impulsive move higher from a multiyear low @ 810$. Signalling that this low is important and solid for now. Since august platin prices have been in a 5 wave downmove the lows of wave 5 touched 890$. It then took the market 2 months to form a decent bottom around the 900$ handle. Now in the recent days...
Although platinum is considered a safe haven, it also thrives in a productive economy. This gives it a great chance to do well during 2017, as people will turn to precious metals during times of uncertainty (which there will be a lot of in 2017), and with Trump wanting to spend like crazy on industrials (emissions control amongst other uses), this could propel...
This descending triangle pattern on the 4-hour chart of the spot Platinum CFD offers an opportunity for a short trade in case of a downside breakout. The triangle's borders are marked with the yellow lines. The cyan line is my potential entry level. The green line denotes my take-profit level. I will set the stop-loss level to the high of the breakout bar (not...
Platinum Trading around 895 level.If hold above 876-88 we can see toward 935-950. Where breakageof 875 may call for 835-820. Watching Area 895-880. We expecting a jump toward 935-950 before below 875.
be careful with a long term and wait for good structur. best chance to buy is 790 $