Pattern: 1M Channel Up.
Signal: Bullish once the price hits the Symmetrical Support.
Target: 1040 (just below the 1D Resistance).
Recent successful signal on Platinum:
Hi, today we are going to talk about XPTUSD and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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Technically despite the December bull run on platinum we are still in bearish territory. On the monthly we actually have a thick cloud to go through which at the moment is acting as a good resistance. So my overall bias is bearish for platinum. The weekly candle closed just below the tenkan,which strengthens my bias but however does not allow me act on it just...
XPTUSD reached our 1,040 Target on our long since October 31st, 2019 as seen on the buy call below:
The 1M Bullish Megaphone since September 2018 is still holding (RSI = 57.612, MACD = 6.190, ADX = 38.381, Highs/Lows = 74.3178) and in fact the 1,040 top...
Hi, all the original video didn't seem to publish so I have redone it.
Heres a video summary...
XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal!...
As you know I love to trade metals. And platinum, although not my most favourite metal to trade, is giving us a good bearish signal.
Platinum reached the resistance level at 1025 and has started a downtrend since then. It found support at 960 as expected but the push from the bulls to bring the price up has been shortlived and every attempt to bring the price up...
Platinum, alongside Gold and Silver are one of my top outperforming sectors for 2020. However, Platinum is incredibly undervalued and has ALOT of catching up to do.
I believe Platinum will do what Palladium did and quietly run up at-least 35-40% in 2020 (possibly 50-60%) with very little slowing down until it reaches at-least 1700-1800. In fact, I wouldn't be...
View On Platinum XPT/USD (26 JAN 2020)
We are expecting a massive devaluation in Platinum is coming up.
It may be a lil too early right now but the chance of it going down is higher.
It can $960 region can be a good target/
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Legal Risk...
Platinum is still following ascending pitchfork, which started back in October last year. Price is also @ major horizontal support, which has held for a couple of days.
4-Hour Chart.
