Falling wedge + bullish divergence on monthly chart. As soon as it breaks the descending trendline, a long position could be considered in my humble opinion.
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.
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,...
$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
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...
XPTUSD broke out of the Adam and Eve pattern. Cheers!
Commodities quoted as XXXUSD are expected to rally up at triangle crash of JPY, USD & CAD. Mainly because the prices are quoted in USD which is going to devalue hence any rate XXXUSD will go up.
Both TP 878.128 and 852.737 in extension have been hit as the previous Channel Down on 1D even crossed our estimated 793.519 bottom. This break-out maintains our sentiment on a bearish path for Platinum as a new Channel Down is being developed on 1D (RSI = 41.648, MACD = -12.930, Highs/Lows = -6.5407, B/BP = -19.9240) seeking 740.000 as its next Lower Low. Only if...
XPTUSD Can it hold long term support? A big move on the way These are my own ideas for education purposes, Love to hear your thoughts? ALWAYS TRADE SAFE
Need Confirmation for Reversal before going bullish or breasih
BULL div on weekly seasonality favors bulls everyone is busy in being bull in gold
This is very clear! Just wait for weekly Golden Cross
I am long from 815 based on the 4hr chart. Some evidence for a potential bottom: There is a major bottoming developing in the spread between platinum and palladium. Platinum is on the verge of rebounding aggressively against it. This trade is very low risk from here. Obviously we would need the dollar to turn lower if platinum's rise is actually sustainable....
Platinum is moving to a key level where we can open Long 2 weeks ago the price made fake broke at key level $810 and D1 close upper it. That showed to us that big players have an interest in buying. Currency rate is making pull beak down. I recommend opening Long near: $810 S/L under low $796 T/ P1: $1010 S/L: $1147 It is deal for long-term traders. If...