XPTUSD has broken the channel support line indicating a move lower however many key indicators are converging.
A small head and shoulders appears at the same area also indicating a downward move.
Breaking the neckline alone in this case isn't enough because zooming out this is still an bull market and I don't like to go short in a longer term upward move so...
Gold: Nice and smooth bullish trend. Very comfortable long position even in larger size.
Silver: Bullish, maybe a bit of short squeeze too. Momentum is increasing.
Copper: Despite all the fears regarding global real economy, copper is also marching up with strong momentum, it doesn't show too long consolidation periods and dips on profit taking are shallow.
Update 4 7:30 am
Been an excellent week gone from 100k leverage to 971k on 4 trades. Rate of change has continued through this week with only minor corrections
With plenty of headroom to go will continue to monitor
Clearly a long term hold and wonder !
Behold Low, ^^invest now^^ with a Scots accent.
It is a perception of the probability space ahead. as foreshadowed by the previous action.
beware Solid Red
that is the red limit.
if for the briefest of scenes , one saw Gorge, Jet-sons display . . . You would know he got it from a box labelled ACME.
Platinum may be bottoming in a very short-term although it doesn't mean that this is the confirmed bottom as the Overall Trend Bias is Downtrend.
Short will be the bias on Resistance while Long will be the bias on 4Hour Support.
Platinum may be entering into an uptrend after it has fell to a strong retrace level and now broken a long term weekly trend line. This may indicate we're in a bull market and using accumulation strategies targeting around the highs can be highly profitable.
Platinum has been on a nice uptrend. If Gold and Silver rally more i imagine platinum could see some of the highest % gains out of them all. I'm long but not too heavily invested. Some ETF's and Physical platinum wouldn't be a bad idea though just for a long term suicide stack. What do you guys think of platinum long term?
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