Like all PMs, Platinum is also under pressure and the last correction was very anemic and well caped in 960 zone. At this moment XptUsd is sitting on support and I expect this to fall. The next target for this fall could be 850 zone and only the price back above 960 would lift some weight from the selling side. As in Gold&Siver's case, I'm strongly bearish Platinum also.
Three weeks ago I said that Platinum is trading in a rising wedge pattern and a break of this pattern can lead to losses and to a break under 1k important figure. Platinum didn't disappoint me and it reached its target at 930. With great selling pressure on PMs (Silver&Gold) we can also see this support falling and 850 can be bear's target. Sell ralliers towards...
Pattern: Giant Head and Shoulders on 1D. Signal: Buy as the price hit the 0.5 Fibonacci trend-line and is near the Support. The 1D CCI is also on its Core long-term Support. Target: 1090 (potential contact with the 1D MA200 (orange trend-line) and right on the 2.0 Fibonacci...
Since the low at 905 made on 20th September, Platinum has risen to a high around 1100. However, the rise is not impulsive and has drawn a rising wedge pattern on our daily chart. Confirmation of the pattern comes with a break under 1050 and this can lead to a dive under 1k and to rising wedge target and the last low in 900 zone.
Hi everyone this is my trade set up for the XPT/USD for the new week ahead we had a very nice push last week and i feel it still has the legs to to make the push higher XPT/USD is still pushing up so i am expecting a pullback to the order block zones and will be looking for a BUY trade look for pullback to zones lined off on chart then if it meets your criteria...
Platinum - XPTUSD trending up very nicely on monthly and even daily timeframe. Clean bullish channel uptrend with strong support.
Platinum - XPTUSD - monthly chart is trending up very nicely after pulling back down for a correction in the past few months. I'm anticipating a continuation of the bullish trend for platinum in the coming months.
After dropping under 1000 figure, Platinum has managed to recover and now is trading at 1058 I expect a new leg up from XptUsd and 1030 zone could be a good place to buy for a rise to 1150 Platinum back under 1k zone would negate this scenario
XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally. However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it...
platinium will consolidate here for more sell Everything is Planned Like my ideas and follow me for continue being updated by exclusive content
Pattern: Bullish Megaphone on 1D. Signal: Buy as the RSI broke above its Lower Highs trend-line. For a stronger confirmation you may wait for either a break above the 1D MA50 (blue trend-line) or the Lower Highs trend-line of the price since the February 16 High. Target: Either the 5.0 or 6.0 Fibonacci extension. ** Please support this idea with your likes...
After the short-lived spike above 1300, Platinum fell to 1100. A rise began from this point and a new attempt to conquers 1300 However, the rise is corrective and we can expect a new leg down soon. From a technical perspective, Platinum is trading at 1200 at this moment and is under the trend line support of this channel. Bears hold the upper hand now and rallies...
Pattern: Channel Up on 1D. Signal: Buy as the price has been consolidating near the Channel's Higher Lows trend-line in a manner similar to November 2020. Identical MACD sequences also. Target: 1330 (current Resistance on 1D) medium-term and 1550 (Higher Highs trend-line of the Channel Up) long-term. ** Please support this idea with your likes and comments,...
After breaking 1000 figure resistance and reconfirming it as support, Platinum was on the run with the price gaining more than 20%. Now the price is 1212 and the road is clear to 1300 next major resistance. Buy dips can be a good strategy and I expect 1100 to be strong support.
November was quite a month for Platinum with the price rising 30%, but most importantly with a significant break above 1000 psychological and technical resistance, a resistance that held since 1017. At this point, the price is in a normal and necessary correction, and confirmation of 1k as new support would bring bulls into the market and the price can rise to the...
price already made good correction just comes to table and amazed me. what a perfect pattern it is absolutely amazing we are coming down for the C wave from their new journey will start
Pattern: 1D MA200 rejection. Signal: Bearish as the rejection took place on the RSI support level. Target: When the RSI hits 33.73. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
There is a chance we could see Descending Channel breaking for XPT/USD in near future. We have put pending orders just below strong Support line. Let us know what you think and don't forget to follow us for more ideas :) Good luck !