1) First intermediate cycle (circled) since GOLD had its 8 year low at 1615 (3 daily cycles embedded within, the 3rd started days ago)
2)The third daily cycle will likey left translate into our new intermediate cycle low - 1850-1900 -
the next intermediate cycle should break and sustain above 2000
3)The bounce/left translate cycle should become rejected at...
Long term chart looks very bullish for platinum. The recent break of a long-term downtrend with a successful retest and potential double bottom right above the 62 fib.
if double bottom plays out, short term target 1,300$
long term certainly several thousand
SBSW appears to be on the verge of completing a very solid cup & handle pattern if we can break 20$.
Would expect a move up from there followed by a retest and eventual target of 37 for an approx 150% gain. Physical platinum appears to have bottomed at 600$ in 2020 and has broken a long-term trend line currently trading at 1025.
Future in hydrogen full cells...