Platinum
PLATINUM - 8H GRAPHI expect an upward (BUY) move. The target is 1130. This is a short-term target with %20 gain potential
PLATINUM for a lower low 🦐 PLATINUM on the daily chart is trading over a weekly dynamic support.
The price after the test of the 0.5 Fib level has been rejected and potentially can create a lower low.
According to Plancton's strategy if the market will break below and satisfy the ACADEMY rules we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Platinum to fall around 7%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.
PLATINUM LONG TO $1400Similar to all the other commodities, it seems like Platinum could be getting ready for another bull run in 2022, after spending most of this year declining. Not much volume in the markets right now, but this could be used as a chance by buyers to accumulate momentum in order to push it up when volume re-enters in 2022. Could still see just a little push lower to take out September lows & grab liquidity, but overall, this would be the right price to invest into Platinum.
I will be catching this move on behalf of myself and my Account Management investors.
Platinum- Target reached, now whatThree 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 970 can be a good strategy and only Platinum back above 1k would put a pause in this scenario.
PLATINUM XPTUSDAs you can see on the Monthly chart we are at a strong support level of high volume and also the rising lower trendline support.
I will be looking for Longs from current support.
Pls see 4hr chart below. I will be looking for a break out of the descending trendline resistance. With confirmation like a double bottom or retest of broken resistance level to go long.
Huge return on platinum for the next couple years This forecast is for investors, now you look at the global events and find some volatility on gold and silver prices as a safe haven also platinum has the same rule but what makes platinum is the best opportunity right now is the current price has fallen enough to reach the desired support
at 770 $- 820$ area I expect the price to continue going down the path to these levels.
Platinum’s prices are likely to rebound since it's used in manufacturing. It also has a future in renewable energy requests. As an investment, platinum may be useful in a variety of ways, including hedging and speculating. However, If you want to include platinum or any of the precious essences in your portfolio, I will recommend that.
For the position, I recommend a buy order on 770-820 level
with 1 Buy limit order at 590 -620 area with the same amount of the first position
last Buy limit at 405- 425 area just in case the price make a strong move against us with 4x amount of the first position
Our targets::
1ST Target 1284 $ - 1320 $ area
2nd Target 1850 $ - 1900 $ area
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The Period of investment starts from 6 months to 3 years (estimated)
I had given you the areas letting you manage your position
Commitment to strategy will bring you the best benefit of the strategy
we expect 130% to 250% return for 3 years of investment
$PLG Platinum Group Metals Investment of a decadeHello investors and speculators!
I think this is my first ever stock idea here, on tradingview.
Looking at multiple years and decade ahead - we have very unique opportunity to participate in this investment/trade.
This is surely not for trading rather investing. I believe Platinum/Palladium are going to play a big role in risk-off game this coming decade or so. Silver and Gold should do absolutely amazing too. Personally I started accumulating this stock recently and will add to my position every month :)
MAIN TARGET: $277 per share.
That's it, that's the chart :)
This is not financial advice! Take care :)
PLATINUM targeting $1090Pattern: 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 extension).
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When will Gold find Support?The selloff in gold has continued, and we have cut through several support levels below. We are getting support from 1784, a level we identified yesterday. We saw a meager rally, which could not crack 1795. A rejection brought us back to the 1780's. The Kovach OBV is solidly bearish, but has leveled off, suggesting that we may have stabilized, at least for a few days, as the US approaches the Thanksgiving Holiday. If the selloff continues, then 1777 is an auspicious level that should provide support. From above, watch 1795 for resistance.
Platinum- Under 1k again?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.
Platinum Long Entry Platinum has been in an uptrend since the 20th of September after dropping to $891.30 Earlier that month. The current demand for platinum is exceeding the supply for the precious metal, which shows that the price should rise up as time goes on. The price has been on an uptrend for a month, but this week the price has fallen by -4.14% to 1057.22 regions. There has been some support made here which indicates that's the price is due to rise and continue in this uptrend. The RSI levels are currently in oversold territories too, at around 20. A long entry from a swing position seems appropriate for platinum, with targets at 1141.26 on the upside, stop-loss levels are at 1030.
PLATINUM moving higher 🦐PLATINUM on the daily chart broke the perfect descending channel tried to break above the 1060 resistance structure without success.
The price tested then the 0.382 Fibonacci level over a support and we can expect a new attempt of a break to the upside during this week.
According to Plancton's strategy if the price will break and close above we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.