PLATINUM SOON START ASCENDING MOVE Platinum reached low levels...
Now started to accumulate...
RSI divergence is also confirms...
Upside movement expected...
PLATINUM FUTURES, Massive BEARISH TRIANGLE-Formation, BREAKOUT!Hello There!
Welcome to my new analysis about PLATINUM FUTURES on the global timeframe perspective. The precious metals market is moving into a decisive momentum within the recent times as developments within the financial markets point to a continuation of exceptionally high interest rates within
Platinum Ready to go Up?Weekly PL futures chart shows multiple support touches and also the RSI is quite oversold. Add to this a small green candle after many down weeks.
I like to bottom fish. Getting in this early is a gamble. If nothing else, it is a good time to look for further confirmation that the trend is turning u
Platinum price will increaseThere are a number of reasons why the price of platinum is expected to increase in the future. These include:
Reduced supply: The supply of platinum is expected to decline in the coming years due to a number of factors, including:
The depletion of existing mines
The high cost of exploration and de
Platinum is bouncing off its 3-year uptrendWe expect Platinum to erode the downtrend that started in May 2023 at the level of 931 and move upwards. Our confidence in this projection stems from two factors. Firstly, the market is rebounding off a robust 3-year uptrend, indicating a strong underlying support. Secondly, there's a notable diverg
platinum versus uraniumno reason to be long platinum when it is underperforming uranium like this
ZERO reason to be long PLATINUM.
URANIUM on the other hand...
#uranium #platinum
Long swing trade PL1!I think PL1! goes to the moon. the setup has a good risk reward. long term analysis
October Platinum futures, green shoots off Friday price action?Platinum futures alongside other metals have clearly been bearish and the Platinum Metals Group consisting primarily of Palladium and Platinum have been selling off in recent sessions and Platinum recently dipped below 900 to 984.2 making back-to-back bottoms at 894.2 once off the extended session
Short PL1000 is an important supply = demand zone for PL. Failure to break above yields a potential near term short sell set up to the recent bullish trendline.
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