XPTUSD has broken the Bullish (TOP) Trendline after multiple (5) touches, we dont have a clear safety line to give us a stop loss so i wont enter of the initial break. Im going to instead wait for a retest of the Bullish Trendline we'd just broken, Waiting allows me get a better idea of the breakout to see if its just trying to fake us out. If this bullish...
This is my Setup to go LONG on XPTUSD . Market is bullish and given a CHoCH on 1 hour time-frame so we expect market to mitigate our extreme POI in this case and then continue move upward. Traders may look for LTF confirmation on 5 mins for entry.
Platinum (XPTUSD) gave us an excellent bottom buy signal last time (March 13, see chart below), as the metal entered a Channel Up pattern following the bottom just below 880.00:
Currently we are on the 2nd Bearish Leg of the Bullish Megaphone pattern that emerged and will complete a Golden Cross on the 1D time-frame today. As per the December 02 2023 Golden...
Hola Platinum Robbers,
This is our master plan to Heist Bearish side of PLATINUM XPTUSD market. kindly please follow the plan i have mentioned in the chart focus on Short entry, New entry traders pls enter only in pullback of smaller timeframe then enter to rob the money. Our target is Green Zone that is High risk Dangerous area Consolidation will happen. Be safe...
XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end.
Technical : The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are...
A price action below 910 supports a bearish trend direction.
A price action below 900 supports further downside potential.
The stop-loss price is set at 955 (just above its 61.8% Fibonacci retracement level).
The profit target is set at 855.
Crossing below its 200-day, might initiate a re-rest of its 200-day and then a leg down.
XPTUSDT Chart is printing Bearish Engulfing Candle with Bearish Divergence and price rejected from 2nd resistance.
Therefore I'm doing short from here at market price.
For the past 10 months, OANDA:XPTUSD has been trading within a range between approximately 850 to 1000.
However, upon closer examination of this range, it appears to resemble a rounded bottom formation and also after dipping below 900 at the beginning of March, Platinum has been establishing higher lows, suggesting that the price is ready for a strong...
EASYMARKETS:XPTUSD
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As we start a new week, we seem to be ascending to the upside and potentially testing the daily resistance level (934) again. Whoever said XPT is correlated with XAU, I don't see it. Weekly time frame, still scream a slow bear trend for me. Hence why I'm still looking for a long term bear play. For now I will ride up this uptrend for now
Gold is leading the gains in the basket of precious metals and it is only a matter of time before the rest of the metals follow and break higher. The move higher in precious metal prices is immensely rand positive but we will have to see platinum come to the party for sustained rand gains before the local elections. Platinum has broken above the 50-day and 200-day...
This chart could easily be overlooked as noise with not much coherent but with simple use of the Supply Line we can see that many breakaway shakeouts (arrows) have already happened.
And now much further down the line with liquidity behind it depleted; there is much more chance that there will be a real breakout.
Also notice by using a lower trendline the price...
Monthly Chart Symmetrical Triangle
Break of 8030 or 1030 will create a strong trend
As of April 2024, trend is positive for XPTUSD
being green 70% for April last 10 years and testing
bottom of the symmetrical triangle and nearing monthly support
Can buy dips down. As long as 850 holds can play long if it breaks, switch bias
Hope all is well traders! As we observe XPT on the hourly, I do see a descending trend line here. As it continues to create lower highs, the past couple hourly candles have been very flat. We can possibly see it climb up toward 903.69 or even up to 905 (top of the trend line) But I'm aiming for the long term short on here and break below the 891 support.
XPTUSD is trading in bearish trend in 4hr time frame as it is showing lower highs lower lows and confirmed by the formation of Bearish Engulfing Candlestick.
As we observe XPT break the ascending TL on the 4h. It has tested the weekly resistance and has reversed the trend. I'm looking for it to rally back up at 927 to potentially create a lower high.
