Entry on the retest of price level 1233.800
The signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so. Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the...
Possibility of a small pull back on the way but expecting to hit 1500 in the next few months.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
After breaking 1000 figure resistance and reconfirming it as support, Platinum was on the run with the price gaining more than 20%. Now the price is 1212 and the road is clear to 1300 next major resistance. Buy dips can be a good strategy and I expect 1100 to be strong support.
PLATINUM XPTUSD BULLISH BREAKOUT - 4H CHART
XPTUSD
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Retest of 1060 today and immediately the run in the other direction. Intraday a new 5 year high. If it spikes through, the way to 1200 is open.
Platinum idea For platinum An interesting picture of platinum is emerging. Globally - the bearish trend line has been broken on the monthly chart. Perhaps a new long-term trend has arisen on this product. At the moment, a bullish flag has formed and as we know it is a trend continuation pattern.
Wednesday, 16 December 2020 17:39 PM (WIB) Platinum is breaking out the historical descending downtrend lines Best regards, RyodaBrainless "Live to Ride and Ride to Live"
XPTUSD Technical outlook Bullish scenario: The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a...
XPTUSD Technical outlook Bullish scenario: The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a...
Platinum Futures (CME NYMEX: PL, USD/ozt) Trade : Buy Dip Entry : 930 Target : 1504 (574, +61.72%) Stop : 850 (-80, -8.6%) Posted on Saturday, Dec 12, 2020 (EST) Note : Even though, it seems to be meaningful in the movement of platinum price. It's as if someone, a very powerful, is controlling the prices. The resistances would be 1150, 1505 and 1750. The support...