Platinum is in critical area, closer to support but at risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing,
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in...
As I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade.
Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we...
After rising above 1k in mid-April, Platinum has started to roll back down and has dropped to 900 zone important support (see daily chart).
After reaching this support the price started to consolidate last week and finally has broken up.
Now the price came to confirm this break and is trading in the last resistance now support zone.
I expect a new leg up above 1k...
hi traders: in this morning i shared with you an idea of platinum as bullish based on my strategy and went as i expected.
for risk management i set BE 1:1 and i do every trade
Platinum is VERY close to breaking out.
Watch for a convincing monthly close above 1045$.
Enacts a non greedy target of 1440$.
#platinum #gold #silver #inflation
Understanding Trading Risks.
Before investing, learn more about the risks of online trading, including fast-moving markets and the risk of system unavailability. Explore the risks and strategies of margin borrowing
Hello.
Time Wave analysis of Platinum (XPTUSD) as of March 31st.
The platinum peak is the starting line of the yearly correction trend of the downward wave, and a monthly downward wave proceeded below it. Since I recently broke the last monthly correction trend line, the monthly upward wave has ended, and the W-X-Y correction pattern will be created here....
PLATINUM has formed an ABC bullish pattern on its daily chart.
The price is trading above the entry level EL 978.964.
ABCs pattern are only valid when the price closes above the entry level with a progressive with a progressive uptrend.
PLATINUM ABC BULLISH PATTERN
💼EL 978.964
⚠️SL 948.933
🎯TP1 1151.031 61.8% ABC
🎯TP2 1203.759 78.6% ABC
🎯TP3 1271.571 100%...
Understanding Trading Risks.
Before investing, learn more about the risks of online trading, including fast-moving markets and the risk of system unavailability. Explore the risks and strategies of margin borrowing
Monthly graph of platinum
- crossed over 14 yr trend rezistance
- higher high
- now fighting for higher low - if 885$ stand
- extreme buy volume around support - 950$-1023$
- long term bullish accumulation possible
- targets 1417$ (38%), 1690$ (65%), 1880$ (83%)
Time will show, but this is excellent setup imo.
Overall Average Signal from all our indicators suggests a Short. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
Platinum got rejected two weeks ago on the 'war candle' on the 1W time-frame and is on the 3rd straight red week since. The importance of that rejection, is that the candle closed within the metal's long-term (almost 4 year) Channel Up that started half-way through 2018. As you see XPTUSD tends to trade exclusively within this Channel Up structure, unless a 1W...
