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Platinum

PLATINUM 18th MAY 2022Platinum is in critical area, closer to support but at risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing, I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. www.lme.com 2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options. www.cftc.gov Due to the uncertainty of these, the price of platinum still tends to be bullish. bearish may occur if the support area breaks out. This is my trading plan on XPTUSD, how about you? COPPER 25th APRIL 2022
OANDA:XPTUSD
by DNP-FX
$PLATINUM holding key 200wma200 week moving average is providing quite some level of support on platinum. Feels like the metal is building steam for another move higher? While price continuously traded below the declining 200wma in years before, for the first time in years we are seeing price hold up above this important average, while also seeing the 200wma pointing north which is encouraging. The RSI has also made higher lows since bottoming out during the Covid crash and showing us signs that the momentum is still holding up
TVC:PLATINUMLong
by MarcoOlevano
Platinum - A better deal than it looks?Looking at the price of platinum, it looks kind of overpriced, like many other things. But when adjusted for M2, it's much lower than most things. Seems like a great deal TA wise. Longer term chart: 10x the price of 1970 = ~1500. This target seems pretty low not to mention we aren't even there yet! But the short term pattern looks like a bit of a topping pattern. Could take a while to setup. Just something to keep an eye on. What do you think? Good luck and don't forget to hedge your bets :)
TVC:PLATINUMLong
by fringe_chartist
Platinum has formed a strong baseAs I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade. Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we have a strong bull candle and yesterday we have a Pin Bar that is diverging with Gold evolution (hard drop). Going further my expectations are strongly bullish and only a drop under support would change my opinion.
OANDA:XPTUSDLong
by Mihai_Iacob
5
Jamie Gun2Head - Buying the Break of PlatinumTrade Idea: Buying Platinum Reasoning: Retesting key resistance on intraday chart. Looking for a break higher. Entry Level: 928 Take Profit Level: 961 Stop Loss: 920 Risk/Reward: 4.13R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
PLong
by Signal_Centre
AUMN - The Best 3-Year Setup I've Ever SeenIMO, Golden Minerals, AUMN , has arguably one of the best and most bullish setups I have ever come across. It will be fun watching this one play out. Amazing risk/reward play with easy invalidation levels as well to protect yourself in this trade. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
ALong
by jstrasburger
1
SPPP-SPROTT PHYSICAL PALLADIUM AND PLATINUM PROFITSI made good profits with this in a short time swing trading this etf. I loved it. Why mess with bitcoin crypto or even gold when I can make money with this.. Anyway. Now its in a bear trend and looking to get back into this etf if it shows some promise. As you know the prices for Palladium and Platinum have skyrockted and have done even better than gold . Catalytic convertors are being stolen from cars at record numbers everywhere thorugh out the nation. Watch this video for details. Give me a thumbs up and feel free to subscribe to show support for my TA videos. Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
AMEX:SPPPShort
by CryptoBuzzAnalyst
#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.
FX_IDC:XPTUSD
by atal_Cryptosignals
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSD
by TradingShot
1
+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..
TVC:PALLADIUMLong
by duot