There is a clear head and shoulders forming on the $PM Daily/Weekly Chart here, looks like a decent short.
Platinum bullflag formimng nicely, ticking the notches Looks good for the platinum stonks
Looks like gold is about to turn direction and follow the arc higher towards its previous all time high within the next couple of months.
PM daily chart. We are expecting price to remain inside the upper channel. We are buyers at these levels
XAU/USD – Weekly What a week! $1670 held again as support during the Monday morning flash crash (which was most probably driven by a large liquidation). The weekly candle looks ugly but in terms of the range and support level I talked about last month there is not big change in the bigger picture. For the patient traders who work with limit orders it was a good...
After breaking up the local resistance level around 83.50, the price has been consolidating since May around the global high of 99.47. After breaking through the global maximum, the nearest target is at 114.34. The long term target could be around 145.
Trend: Up Status: +3 (Bullish) Signal: B-Buy R/R : 1/2
The SIL has formed a perfect bullish consolidation below the breakout line, and is likely to move up another ~80% from here.
Gold just cleared its long consolidation bull flag on the same day as it flies through the 200d MA. Expect the second part of that bullflag to play out now. A measured move puts us at around 3000$ in Jan 2023, probably months earlier. Get ready!
Looks like silver is finishing his cup and handle formation soon, a quick bounce up should be imminent as soon as price breaks out of the handle.
MAN. PLAYING WITH #GOLD #MINERS #GDX #NEM #SLW #GG WE APPEAR TO RENTERING A BULL MARKET FOR YOU LONG SUFFERING GOLD BUGS PART 1
Introduction to Fractals: Although prices may appear to be random, they actually create repeating patterns and trends. One of the most basic repeating patterns is a fractal. Fractals refer to a recurring pattern that occurs amid larger more chaotic price movements. - Taken from Investopedia Fundamentals Notes: - Initially, inverse correlation with stock...
Model Forecast for Platinum: - Line of Least Resistance determined for PLATINUM. - Initially, inverse correlation with stock market, but Platinum reaps the benefits of industrial use in clean energy strategies, we foresee a decline in the stock markets until EOY, and recovering early 2021. PMs' technicals seem to support this sentiment. - Interestingly, there was...
Platinum has retraced some of its gains but now is setting up for a breakout above its multiyear resistance. This should open the window for 1400, and eventually 1800 in the near future.
GME short squeeze broke a dozen wall street hedgies. Silver's short squeeze has the potential to break governments and the entire financial system. Good luck!
nice bullish flag identify on Philip Morris International. right now it is standing on strong support level. PM can be take off towards next strong price level which is 90$