Short Idea on Platinum (PL1!)Based on :
- High Probability of a dxy rally and zb1! short could make precious metals drop
- VP and Avwap levels
- 2 Potential supply zones
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Platinum for a short?after a bullish run, the fundamentals on platinum have shifted sharply into bearish bias, aligning perfectly with a key weekly supply zone. The recent weekly rejection candle confirms seller presence and validates the zone.
PL1!1️⃣ Trend & Structure
Long-Term Breakout: After years of sideways consolidation between roughly $850–$1,200, Platinum has broken above the long-term moving averages (MA ribbon and 200-month black MA), signaling a strong structural breakout.
Momentum Shift: The recent monthly candles show strong bu
Short PL1!📌 When is Platinum in High Demand & How Does It Cycle?
Platinum is one of the rarest and most versatile precious metals. Historically used in jewelry and luxury goods, it is now essential in the automotive industry (catalytic converters), medical devices, electronics, and even green hydrogen techno
No bull era yet for platinum.If platinum was in a bull era, this price chart would be above that descending black line.
Truth is, until the stock markets take a tumble, the true outperformance sequences for platinum are not upon us... yet.
Channel formingBullisch channel is again forming. Long position for a breakout of the downtrend. keep an eye on the bottom for a bounce or a sprint to the upside in the coming days.
Platinum (PL)Tight stop hoping fo a real break out -Taking a long position in Platinum, anticipating a breakout to the upside from the current channel. Managing the position with a tight stop loss.
Platinum rally runs out of steam as nearterm outlook tilts shortThe Rally That Looked Unstoppable
Through the spring and into early summer, platinum looked like it had finally broken free of its long-standing range. From April to late June, prices surged over 36% to hit 11-year highs above $1,500/oz. The move was powered by a perfect storm of short-term drive
Not sure what all the fuss is about platinum.Not sure what all the fuss is about platinum.
When I see platinum's performance against the stock markets, I can clearly see the bull era has NOT started yet.
Still soo very early...
Platinum: Breaking the Supply Barrier?I'm adding a second Platinum position. Price has hit a strong weekly supply area, also a significant monthly supply zone. I'm anticipating a reversal here, as non-commercial holdings are decreasing, and seasonal patterns suggest a potential trend change. To further capitalize on potential upside,
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.