XPTUSD (PLATINUM): Huge Descending Wedge, Breakout Incoming!Hello There,
welcome to my new analysis about XPTUSD (PLATINUM) from the daily timeframe perspective. PLATINUM had the potential to form a new substantive all-time high right within the beginning of 2023. The bullish volume, momentum, and volatility already increased during December of 2025. Curre
Platinum Wave Analysis – 6 May 2026 - Platinum reversed from support zone
- Likely to rise to resistance level 2140.00
Platinum recently reversed up from the support zone between the pivotal support level 1800.00 (former multi-month low from February), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impuls
Platinum : Reverse Divergence Some traders prefer platinum
Platinum can trend strongly because it is influenced by both precious-metal sentiment and industrial use, so price swings can create more obvious setups.
It is rarer and the market is smaller, which can sometimes produce sharper moves than gold .
Some traders like it bec
Breaks out of falling wedgeAs I posted previously, PLATINUM has been moving in a falling wedge, after hitting a high 2914. With a recent bounce from 1745, it broke out of the wedge. Now it is staying side-ways for a while, respecting the ascending channel it broke previously.
I would expect it to come to the buying area mar
PLATINUM Bearish Cross and Fibs give a Sell Signal here.Platinum (XPTUSD) just formed a 1D MA50/ MA100 Bearish Cross, with the price touching the 0.618 Fibonacci retracement level from the previous High. That is where the March 02 High got rejected and started a new Bearish Leg.
The price also hit the middle (Fib 0.5) of the Fibonacci Channel and a new
Platinum has found support and broken out Price looks like its found a low with major support at $1800. Now we have a brake out from the price consolidation (correction) with support on $2000 which is a big level.
The trade idea is for the price to move up to above $3000 over the next couple of months.
Trade -
Added an initial position
Platinum (XPTUSD) 2H chart Analysis
Platinum (XPTUSD) 2H chart shows price has pushed above both EMA 50 (orange) and EMA 200 (red) — a bullish shift from the previous bearish alignment.
Key levels:
* Resistance: $2,246 (4H), then stronger at $2,433–$2,435 (4H)
* Support: $2,005–$2,000 (major, now acting as potential support after bre
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.









