Platinum Long Trade Idea
Updated
Platinum price is severely depressed recently, especially if compared to its peer Gold. At current level below 800$ per ounce there is opportunity for very favorable risk/reward trade. My goal is 1000$ target which is 25% gain from the current level and can happen easily withing couple of months. More long term investors can keep their positions for 3-5 years with much higher targets. Even 2000$ is not impossible with more wide horizon.
Trade closed: target reached
Trade has been closed on September 4th 2019 at 970$ per ounce of Platinum. Now waiting for another favorable setup to materialize.
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