Platinum update - 03/04/2022still no clue that wave ((ii)) ended, the broke above the parallel corrective channel and the key level 1034 will confirm that the bottom is placed and wave ((iii)) in it's early stage, critical support at 893.38
Platinum
Consolidation after breakout. Platinum is consolidating after a breakout of a descending triangle that spans two decades. Eyeing a breakout of descending channel.
RSI approaching bullish territory.
Volume is very strong and has been since the retest of triangle pattern .
Will be looking at buying all dips on weakness.
Consolidation after breakout. Platinum is consolidating after a breakout of a descending triangle that spans two decades. Holding the .382 retracement swing low to high. Eyeing a breakout of descending channel.
RSI approaching bullish territory.
Volume is very strong and has been since the retest of triangle pattern.
Will be looking at buying all dips.
only the keen eye can spot itHeck, even a two year old can see it.
Palladium and platinum are THE investment of the decade IMO. Followed by silver/copper/gold in that order.
#PLATINUM #XPT in a Perfect long-term Channel with 2 extremesPlatinum got rejected two weeks ago on the 'war candle' on the 1W time-frame and is on the 3rd straight red week since. The importance of that rejection, is that the candle closed within the metal's long-term (almost 4 year) Channel Up that started half-way through 2018. As you see XPTUSD tends to trade exclusively within this Channel Up structure, unless a 1W candles closes outside (either above or below) the pattern.
In almost 4 years we had two such 'extreme' cases, one was the March 2020 market crash due to the COVID pandemic, which was the bearish extreme that reached as low as (marginally breaking) the -1.0 Fibonacci extension level and the other the Q1 2021 bullish extreme that reached as high as (marginally breaking) the 2.0 Fibonacci extension level. Notice who both distances are symmetrical on the extremes and that in both cases the candles, despite breaking marginally below/ above, they managed to close back inside the Fibonacci extensions.
PLATINUM Perfect long-term Channel with 2 extremes to consider.Platinum (XPTUSD) got rejected two weeks ago on the 'war candle' on the 1W time-frame and is on the 3rd straight red week since. The importance of that rejection, is that the candle closed within the metal's long-term (almost 4 year) Channel Up that started half-way through 2018. As you see XPTUSD tends to trade exclusively within this Channel Up structure, unless a 1W candles closes outside (either above or below) the pattern.
In almost 4 years we had two such 'extreme' cases, one was the March 2020 market crash due to the COVID pandemic, which was the bearish extreme that reached as low as (marginally breaking) the -1.0 Fibonacci extension level and the other the Q1 2021 bullish extreme that reached as high as (marginally breaking) the 2.0 Fibonacci extension level. Notice who both distances are symmetrical on the extremes and that in both cases the candles, despite breaking marginally below/ above, they managed to close back inside the Fibonacci extensions.
This pattern provides a low risk frame-work to long-term investors. Buy low and sells high within the Channel and if the pattern breaks and closes a 1W candle outside its top/bottom, trade to the direction of the break-out, either towards the -1.0 Fib or the 2.0 Fib.
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+1PALLADIUM@2412 - OPEN LONG - Target: $3,600 (+50%)Might be a good entry.. looking for at least $3,600 before the current diversion is exhausted
The only reason I prefer silver & gold over palladium and other exclusive metals is that it's one step more difficult to assay and physically trade in general.
You can assay gold or silver using only fire and bone ash, but it gets a bit more cumbersome to test palladium, which eventually makes it a bad apocalypse coin.
Also, the margin for the physical market is really huge, at least from my experience in Egypt's market. No matter how far you refine your palladium it's going to be sold maximum at only 40-50% of the screen value.
However, the demand for palladium doesn't seem to be ending soon, although a very small number of people deal it, you can see them sniffing all around the gold alley in Khan el Khalili sneaking outside dealerships looking for any traces of palladium in cast silver bars being sold.
It can have all sorts of chemical, medical, and industrial applications but locally I've seen workshops use it frequently as a supplement for rhodium which became a nonexistent ATM..
$PL1! Platinum Futures. Looking for a new positionWill be looking for some strength to open a long position. If expected strength does not materialise, then this trade is off. Watching.
Platinum new ATH??Hellooo im Back!
The chances are good that platinum will reach a new all-time high in the near future. Platinum to the Moon!
have a nice day to all of you!
PLATINUM (TOO EXPENSIVE) : 1:13 RISK TO REWARD!!! HELLOOOOOOOOO PIPPIN PEEPS!!! I hope you're doing well...THIS IS THE NEXT MEAL ON MY PLATE. I AM LOOKING TO SHORT PLATINUM FOR THE NEXT 6 to 12 months all the way to $900. Great risk to reward. Trade with care...PIPPIN PEEPS!
Gold RIPPING higher. New Record Coming! Buy Discounted!Gold is exploding higher on fears in the market. When the "you know what" hits the fan, real stuff matters. Countries and hedge funds are piling into gold and treasuries as a safety net as the market continues to implode. In this video, I talk about physically-backed trusts that allow a paper-type holding via stocks but real gold, silver, palladium, and platinum behind it. And get this, at a discount! If you were looking for a place to get out of your overpriced NASDAQ stocks, this might be a place to hang out as the dust settles. Here I talk about Sprott's Trusts on physical metals as I see them as a very trustworthy company that knows what they're doing and with the clarity on how many assets they have in these metals so you know what you're actually getting into.
Don't be a chump. If you found this video helpful, insightful, or educational, make sure you like it and drop a quick comment below. If you have questions, POST! many people on here answer these questions and have other insights to charts and videos to help continue educating each other. Also, if you're watching this somewhere else on the internet that may have an advertisement, watch a quick ad to support this free content. Only costs you a moment.
Stocks PSLV, PHYS, CEF, SPPP GLD, SLV, FUTURES, DJI
$PLG - ANOTHER ONE READY TO BLOWPLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons.
Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Western Bushveld complex, South Africa. It also develops next-generation battery technology using platinum and palladium. Platinum Group Metals Ltd. was incorporated in 2000 and is headquartered in Vancouver, Canada.
Platinum: Bearish H&S or Bullish Double Bottom?in the weekly chart we see a bearish head and shoulders which would report prices on the basis of the Wedge and would declare the candle of Feb 8 a false breakout
On daily chart the right shoulder is taking the double bottom formation (Brandt analysis)
The trigger points are 892 for the H&S and 1113 for the Double Minimum and/or Failure H&S
PS.
The left shoulder also had two points of contact on the neckline, so in my opinion for now the hypothesis of the head and shoulders is correct.
Platinum: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Platinum.
The chart is self-explanatory. Platinum price made multiple attempts to get back above the 0.618 Fibonacci Retracement level but was rejected and now headed back down. Platinum price may be supported by the Multi-month support line. If it fails there then expect price to head to the 0.382 Fibonacci Retracement area. RSI just broke below a multi-month S/R line, which is not a good sign.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
PLATINUM - Long PositionTechnical point of view, if price breaks above 1104, our target would be 1190 and 1533. Current formation pattern failure swing ( reversal pattern ).
$PPLT Platinum ETF. Looking very bullish200 day moving average providing very good support and a very nice 200MA and 40 SMMA cross. This is looking very bullish from my perspective. I have a position.
Platinum Symmetrical Triangle Pattern Can Push Price Above 1080Platinum corrections is taking the form of symmetrical triangle pattern and price has just broken out of the triangle. There is a high probability for price to rally to 1080 and above...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Platinum Still Undervalued - Bullish PatternLong term chart looks very bullish for platinum. The recent break of a long-term downtrend with a successful retest and potential double bottom right above the 62 fib.
if double bottom plays out, short term target 1,300$
long term certainly several thousand
Great Potential for SBSW Platinum like Metals Mining StockSBSW 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 also very bullish for platinum
Platinum in battle with 200 MA
XPTUSD is making its 5th attempt at the 200 moving average in 10 days.
Double bottom could also be forming but it needs to push past the 200 for the bulls and its not proving easy. Selling pressure seems ever present.
Platinum about to end 19 years of silver under-performance Platinum about to end 19 years of silver under-performance
