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Platinum / U.S. Dollar
Long
Updated

Seasonal $XPTUSD Platinum Long

981
It is time to start considering a major platinum trade in either spot or PPLT equivalent. The measured move target of $1300 is shown and I believe we can get there by March 1 2021.
Note
A closer look at the pattern forming on top of two major trendlines shows an ABC correction wave on the backtest.

snapshot
Note
10YR seasonality is very clear for metals beginning sometime this week there is a move toward the end of the year that continues into late February or early March.

snapshot
Note
I am a buyer on platinum at Month CAM S3 tag today. It's a thin market, and got dragged down at the Sunday open.

snapshot
Note
We are a lot to reach 1200 today after finally breaking through the 55 month highest close. Target still set for early March at 1300.
Trade closed: target reached
mortdiggiddy
Find the edge.

Website: daily-edge.com
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GDXGDXJGoldPlatinumpreciousmetalsSeasonalitySILJSilverTrend LinesWedge

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GDXGDXJGoldPlatinumpreciousmetalsSeasonalitySILJSilverTrend LinesWedge
mortdiggiddy
Find the edge.

Website: daily-edge.com
Twitter: twitter.com/dailyEdgeGroup
Youtube: youtube.com/c/TheDailyEdgeTradingGroup
Telegram: t.me/mortdiggiddy
Paypal: paypal.me/mortdiggiddy
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.