In our search for solid long term investments in the coming years we have decided to share our long term outlook on Platinum.
Technically it recently broke above a 3 year Falling Wedge turning bullish on the monthly chart an effect that has since receded as it pulled back on the 1,000 mark (RSI = 50.285, MACD = -8.660, ADX = 25.926, Highs/Lows = 11.4571).
After slicing the charts 100x different ways I am extremely bullish. Some of these targets are far out of reality, and don't make sense. By 2025 it will. But for the time being the gains shown are just approximations of where price will be somewhere in time. I did not incorporate how long it would take to get there. This is by no means financial advice, just some...
Jez what crazy PA!!! This is not financial advice. Personally I am going long and buying the higher higher highs- cuz that’s what ballers do. What is presented above it if PL DOES in-fact do what my research says it should.
Weekly chart Platinum / Palladium ratio.
Clear sign of a breakout / retest from the falling wedge after testing all time lows from 2001.
Supports continuation of platinum bullish breakout.
Will post long term chart in the comments to show potential upside.
Price of platinum broke above two key resistance points today.
Extremely undervalued from a historical...
Platinum futures just successfully tested a 33 year old support/resistance level at $650-$800. Price is moving hard now (allegedly on China stimulus news) and a challenge of the ~$1,200 area in the next weeks to months looks highly plausible. Entering a long now isn't optimal, but a pullback towards or below $800 is much better.
This is a very long term chart of the Platinum price spanning 2 decades. Interesting how the base has now firmed off the horizontal support level of $750-$800. Looks like we should move to $1000 next which is where price will meet the downtrend resistance which has been in place since the tops in 2008. Should $1000 break (which will be big), we can then expect a...
Hello to Everyone!
This is platinum update.
xpt is breaking all time highs as mentioned in previous xpt analysis. Now If market breaks 918 zone then it can go upto 980. Hope it is going to break that zone.
Welcome to everyone!
Recently we have given a very small short based signal. Check the linked post.
Now XPT is turning to the longs mode.
So longs bias right now on platinum.
enjoy the weekend.
Entry: $823.4, SL: $826.50, Target $810
A bit worried that my SL is too tight, my alternative SL would be $829-$830 region which might be appropriate. The chart could go much lower than $790-800 level if $810 is broken so the Risk-reward might make sense from that stand point.