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Platinum

The Silver Dragon has awaken again, butAs some of you may have noticed, the precious metals sector is showing signs of life after a recent cycle bottom. This is great news for bulls. But I'm writing this to show the long-term view. In this monthly chart, you can see we're coming to the exciting edge of the cup of a decades-long cup-and-handle. Cup-and-handle is one of the most bullish chart formations known. So it's not too surprising to have metals climbing this edge. And here's the "but" part. While silver, for example, may very well go parabolic from here, or in a few months from now, it's not really pressured to reach new all time highs ($50+per ounce silver) until late 2023. That doesn't mean it can't happen sooner, just the formation doesn't necessitate it until then. So while this is a great time to get into silver, and gold, and platinum, etc... just know that it may be a medium or long-term hold, not really a get rich quick sort of short term thing. It could work out short term, and there is plenty of fundamentals in place to make it so, but often these trends take longer to play out than one might expect. This is especially true with precious metals. We just has a nice rally today, and it could continue, but in the greater scheme if you're not already in a position, it could pay off to set a buy order on a reasonable dip and enter then. That's my 2 shillings for now. As always this is not financial advice - entertainment purposes only. Good luck out there yall! P.S. My favorite place to trade metals is the Kinesis platform. You can get yields (5 different ways) for holding precious metals (fully allocated to your name), easily trade between metals crypto and fiat, and even take delivery of metals with the lowest premiums and shipping costs on the market. Free to set up an account, check it out: kms.kinesis.money
TVC:SILVERLong
by greenvention
2
PLATINUM RETURNED BACK TO THE DOWNTREND CHANNELPlatinum is a rare precious metal used in jewelry, electronics, and scientific equipment. Platinum prices are highly volatile, even more so than gold. As platinum supplies remain low and demand high, platinum prices will likely remain volatile. Platinum price formed a strong bullish rally last Friday due to the stability above the breached resistance at $1000.00 by reaching 38.2% Fibonacci correction level at $1035.00. Yesterday, the price returned back under the resistance level of the downtrend. It would be interesting how the traders will reach from that turning point. If the price break through the strong resistance level around $1030.00 and 200-EMA, the experts suggest that it will activate the bulls on the market and it is possible the price will test the next strong resistance level around $1140.00 or to see higher prices around $1248.00. On the opposite side, if the price continues falling, it will bring back the bears on the market, and the price may test the support level around $945.00 or lower around $908.00 again or far away on South around $838.00 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
OANDA:XPTUSD
by legacyFXofficial
Platinum ETF PLTM 8OC WEEKLY triggers buy last weekPlatinum prices surged higher today as did all precious metals. My weekly 8oc indicator triggered a buy signal last week when the 8MA close ended the week above the 8MA open. Signals are only valid at the end of each price bar because they can move back and forth during the price bar but that would not be indicative of a change in trend until the bar is over. Generally speaking a first target for this method would be the range of the largest bar in the last 10 prior to the signal. In this case, for example,that was approximately $1.06 three weeks ago. Adding that to the closing price on the trigger bar would be our first target. Although the 8oc is not perfect (and nothing is), it is an effective way of spotting trend changes early in their inception. Jake RBT
AMEX:PLTM
by rulesbasedtrader
PLATINUM may be on the verge of a strong year-end rally!XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally. However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it since May 18 2021 with the rejections on it being brutal every time. In 2020 once it closed above it, the price soon started a strong rally. Notice how the RSI is on Higher Lows now in similar fashion as in 2020. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
4
$BBX looking FKN BULLISH!So sure it's just dumped 10% but hear me out Look at the RSI! This has been a long crazy consolidation - it's approaching an energy point and strong support and it's gotta girate to pump up teh RSI (similar to BBs here) so that it can move up without too much rtesistance - this is a PA-driven rise, not FA, becuse no results for a while. But it is definitely ovesold (assuming it's not a fraud) This is exactly what we need to see - down the elevator, up the stairs and boom out of that little bullflag there.! As long as it bounces.
B
by UnknownUnicorn13172879
Huge inversion for platinum after long term trendline breach!Hello my beauties, Platinum has breached a long term trendilne and accumulated for about 4/5 years. After a spring and an SOS, the price retested a very long term trendline. Please check my previous analysis below this text. It is now forming an inverted head and shoulders with a price target of 995. Don't miss out on monitoring the price around the green area! If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NYMEX:PL1!Long
by TrickleDownFX
PlatinumMonday, 20 September 2021 19:16 PM (WIB) Platinum just broke the lowest price at $896. It means the price could open possibility to move more lower into 52 Weeks low at $830. Which have support from descending channel to hit that point. I would prefer to keep watch the movement periodically. The question is "What condition on Platinum market that has been fall so far from $1.300 into $896?" I need to find out the answer. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
CAPITALCOM:PLATINUM
by RyodaBrainless