XPT did a retest and made 50-SMA support. I might bounce from here.
It looks like Platinum power is back ! While it breaks out of the bearish trend in Oct this year, the upside was short lived. It reaches 1098 before tumbling down to current price of 950. I see this as another good opportunity to get it at a cheaper price.
XPTUSD | Watch for short trade opportunities below the trend line.
Three weeks ago I said that Platinum is trading in a rising wedge pattern and a break of this pattern can lead to losses and to a break under 1k important figure. Platinum didn't disappoint me and it reached its target at 930. With great selling pressure on PMs (Silver&Gold) we can also see this support falling and 850 can be bear's target. Sell ralliers towards...
As you can see on the Monthly chart we are at a strong support level of high volume and also the rising lower trendline support. I will be looking for Longs from current support. Pls see 4hr chart below. I will be looking for a break out of the descending trendline resistance. With confirmation like a double bottom or retest of broken resistance level to go long.
Pattern: Giant Head and Shoulders on 1D. Signal: Buy as the price hit the 0.5 Fibonacci trend-line and is near the Support. The 1D CCI is also on its Core long-term Support. Target: 1090 (potential contact with the 1D MA200 (orange trend-line) and right on the 2.0 Fibonacci...
Since the low at 905 made on 20th September, Platinum has risen to a high around 1100. However, the rise is not impulsive and has drawn a rising wedge pattern on our daily chart. Confirmation of the pattern comes with a break under 1050 and this can lead to a dive under 1k and to rising wedge target and the last low in 900 zone.
Hi everyone this is my trade set up for the XPT/USD for the new week ahead we had a very nice push last week and i feel it still has the legs to to make the push higher XPT/USD is still pushing up so i am expecting a pullback to the order block zones and will be looking for a BUY trade look for pullback to zones lined off on chart then if it meets your criteria...
XPTUSD (Platinum) Diagonal Trend Line Horizontal Support Resistance Line EMA 10 EMA 20
XPTUSD. My Outlook for Platinum is currently bullish. I have open long positions. See October 25th, October 31st, and November 5th initial entries.
Platinum - XPTUSD trending up very nicely on monthly and even daily timeframe. Clean bullish channel uptrend with strong support.
Platinum - XPTUSD - monthly chart is trending up very nicely after pulling back down for a correction in the past few months. I'm anticipating a continuation of the bullish trend for platinum in the coming months.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
After dropping under 1000 figure, Platinum has managed to recover and now is trading at 1058 I expect a new leg up from XptUsd and 1030 zone could be a good place to buy for a rise to 1150 Platinum back under 1k zone would negate this scenario
3D & Daily chart showing a Platinum Long position that just triggered