Platinum (XPTUSD) has been trading within a (very) long-term Triangle pattern since the September 24 2020 Low. That was the low that initiated a massive rally to the February 16 2021 High that started the long-term Lower Highs trend-line, which lastly rejected the price November 11 2022. The 1D MA50 (blue trend-line) is the key here. As long as it holds, there...
In the monthly the price is testing a Supply zone. We could expect a move to the downside. In the weekly the price is over extended. Also, the price is testing a supply zone which means that a possible move to the down side is coming In the Daily the situation is the same. The price is over extended and rejecting a supply zone. All the Higher time frame are in...
Expect XPTUSD to continue to decrease.
Platinum create double top near fibo retracement 61.8%.
Platinum break supporting trend line. Now strong support level 873.00 after break 873.00 level double top formation complete. next target 840 810 795 770....
Platinum break trend line sell after trend line target supporting trend line.
Platinum has shown inverse head and shoulder pattern and now its in a bullish trend. We can take long position at this stage as the price is still making higher highs and higher lows.
XPTUSD $XPTUSD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
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Platinum is in critical area, closer to breakout support, risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing. I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in...
A clear hammer pattern is visible on XPDUSD in 1hr time frame. It shows the uptrend in the chart.
Platinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken,...
Platinum. Bullish Pin Bar formed on the trend line on June 1st.
Platinum is in critical area, closer to support but at risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing, I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in...
Platinum is approaching a 1.68 ext and a double bottom. Time to begin looking for a long.....
As I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade. Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we...