$1300 area in 2017 as Fed will not raise rates, and Trump will spend on industrials. (Also bull divergence on RSI) Platinum will take off as it is both a safe haven and is used industrially.
1: Bearish wedge 2: Under Kumo, bearish 3: Smoothed RSI resistance at 50% 4: Fundamental reports of higher supply than demand 3q2016 and into 2017
A few interesting points about XPTUSD and why it might be time to look at long positions: 1. 7-Year cycle in XPTUSD is bottoming out right now. 2. We are seeing a backtest of the initial breakout similar to what happened in 2000-2001 3. XPTUSD production is going to see major cutbacks moving forward from South Africa 4. Above ground stocks are winding down which...
Platinum Trading around 914 near its monthly low it can bounce back as corrective move from current level or from 895-900 level toward 950-970 Advice to buy pair in range of 914-890 sl below 870 TP 955
Platinum has been pretty wild for the past few days. True, it is still lower than heck on the daily, but notice how the hourly has started an uptrend. This could be a chance in on the ground floor before a large move upward if the support line holds. Price action is yet to confirm.
I'm not sure if a Head & Shoulders pattern is the correct interpretation here, albeit, a neckline is fairly visible. Further, the probability of its breach increases with every re-test.
Still in a consistent, long term trading range. Watching for the confirmed break upwards from 3.7p (will need hi volume to break 4p). Holding above the 200MA more recently which is keeping things tighter. Wait for now. LSE:JLP
after dipping down to 0.7... where is the bottom?
PLATINUM : I see you at 1010-1030 o-o
This bullish Gartley completed about 2 hours ago...steep downtrend so i am waiting for RSI to be overbought on 4hr...a bottoming formation .and ideally a break of the downtrend....lots of upside potential... A clue for direction of Gold and silver??
Hello Traders Platinum is on the lower trendline for the 3 rd time and also near of the previous high support at 1020. It is a good long opurtunity. SL below 970, TP at 1230, 1250
Weekly Complex Head and Shoulders Bottom breakout on platinum futures. According to Bulkowski's chart patterns theory, this security could rise until : 1124: 1st Target 1206 : 2nd Target 1265 : 3rd Target 938 : Invalidation Stop Warning : Trading involves risks. Be careful to trade only a small amount of your capital on each trade.
As the idea states. Short platinum till it reaches 1047 USD. It might do the pattern described with the arrows. www.tradingview.com
Trendline broke to north. XPT can be traded in both ways most days. Next week: buy daily lows, hold. TP1: 1073.x TP2: 1099.x
Watching for a strong move to the upside on the 5th wave of this impulse wave. Will wait for MACD to cross to the upside and for price to close above 50 MA before making call. Extra confirmation would be price closing above 100% Fib level.
Dear Community, today we have a quite interesting setup concerning Platinum. It is actually more a possible- than an expected setup but still worth mentioning. As you can see in the chart we are expecting the formation of a SHOULDER - HEAD - SHOULDER formation, highlighted in red semi-circles. If this scenario kicks in, we could easily dip deep into the...