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It looks like platinum will outperform in the next 2-3 months before plunging to the final new low on the daily chart.

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See the last post.

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The widely anticipated pullback may not occur. The next day after my last short call, I noted that the price action and chart character have changed. Exited my short with a small profit and advised to stay out until we get a clearer picture. Possible long term V reversal!

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Long

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May drop to the 55 level.

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The small uptrend that started on Mar 11 is not done.

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We don't have a confirmed bottom but buyers will start accumulating.

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Wii be testing previous low .

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This is the level to start looking for short setups in the market .

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Expect to test the previous high.. Tight stop

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The long case needs more time to develop ..!

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Target $3

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First target 67.40

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Good risk/reward ..

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Based on the wave structure

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Looking for a previous low test.. Cycle analysis favors price drop. Will see how it goes !

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After trending for 6 months, a consolidation is expected, might be deep taking the price down to around $59- $60

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Enter $6900, stop $4900, target $11800