Intraday Trade - XPTUSD In the Weekly Chart, price is coming from the Supply, and there is room to the opposing zone. In the Daily Chart, wait for price to clear the D1 demand zone that is in the middle of the chart, before looking for selling opportunities in the lower timeframes i.e. H4. Intraday trades can be found in the H1 chart as well. In the H4...
The metal shows strong set of lower highs complaint with Fibonacci retracement levels. Current bounce back from fib resistance followed by bearish candlesticks are a strong indication for going short in this commodity
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...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Like all PMs, Platinum is also under pressure and the last correction was very anemic and well caped in 960 zone. At this moment XptUsd is sitting on support and I expect this to fall. The next target for this fall could be 850 zone and only the price back above 960 would lift some weight from the selling side. As in Gold&Siver's case, I'm strongly bearish Platinum also.
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.
While Gold had been rising, Platinum has been on a decline recently. It did make a multi-year high on 16 Feb but fell back right away. Recently it has been consolidating within a channel and on Thu last week , it broke out impulsively below it. Friday’s price action was choppy (check out H4 chart) and I see it like a pullback to the channel bottom. I anticipate a...
price already made good correction just comes to table and amazed me. what a perfect pattern it is absolutely amazing we are coming down for the C wave from their new journey will start
XPTUSD (PLATNIUM) Possible Head and Shoulders Reversal Pattern Long Period Of Consolidation Wait for a break of this current consolidation and enter at the Head which is at 910.00 or wait for the confirmation of the Right Shoulder Patience , let's see what price does
A shark pattern is near completion on the 60 minute Platinum chart. #Sell #Short T.P @ 813.141 R/R = 2.77%
There is a chance we could see Descending Channel breaking for XPT/USD in near future. We have put pending orders just below strong Support line. Let us know what you think and don't forget to follow us for more ideas :) Good luck !
Commercial producers in Platinum have been heavy sellers in the NYMEX contract lately. This action typically bodes poorly for Platinum prices shortly thereafter. Once the commercials get down to -50k contracts, this can be a good signal to short. Using this weeks "Eskom Power Shortage" news to open a new short position on the NYMEX PL contract. In times passed,...
After our successful plan last time and hit even more than we anticipated. So what now? Our short term plan is to have a small correction as low as 915. Then we go up again for the midterm. As Platinum is quite volatile, short term against the main trend is very risky so we refrain from entering it. With low leverage, it can be tried like this: Entry: 935 Stop:...
Still, it is in the long trend so do not expect much fall, however quite bullish in the long term and can break previous records
I will be selling the XPT/ZAR if prices breach below the R11 550 price. Currently, prices are moving in a downtrend, g=forming a series of lower highs and lower lows and bear flags. If we see the corrective structure being breached to the downside, we will get our confirmation for a short trade.
Number of factors set to influence Platinum for the month of March: - Double Top Resistance at $880 - RSI tag of +70 on the daily chart, momentum exhaustion - Seasonal Bearishness starts end-Feb/early-March and completes until end-March/early-April - Expiration of NYMEX April Futures Contracts, expected producer selling up until first notice day - Continued...