Get started

Platinum

Gold Tests Key Value AreaGold has broken through 1795, and is currently in the value area between 1795 and 1815. We are seeing several red triangles on the KRI suggesting we are facing some resistance, so if we cannot solidify current levels, than expect a retracement back to the 1780's. we will have further support at 1789 then 1784. Recall that gold tested 1759 just two days ago, but we should find support at levels above this. The Kovach OBV is still pretty weak so a retracement from current levels is likely unless we can muster the momentum to break higher.
COMEX:GC1!
by quantguy
2
PLATINUM moving higher 🦐PLATINUM on the daily chart broke the perfect descending channel and now testing a daily resistance. 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.
TVC:PLATINUMLong
by InkyGrip
6
Platinum (XPTUSD)I believe that we are currently retracing the previous high. The current low area seems like a higher low on the weekly. That Mac D looks like its attempting to lose momentum and should eventually cross to the upside! I want either 38% or 61% of previous high. I won't hold forever. Just as long as I can to squeeze some juice from this nice valuable metal. Platinum is a well respected metal used throughout several industries. Platinum is used extensively for jewellery. Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year. Platinum is very effective at converting emissions from the vehicle’s engine into less harmful waste products. Platinum is used in the chemicals industry as a catalyst for the production of nitric acid, silicone and benzene. It is also used as a catalyst to improve the efficiency of fuel cells. The electronics industry uses platinum for computer hard disks and thermocouples. Platinum is also used to make optical fibres and LCDs, turbine blades, spark plugs, pacemakers and dental fillings. Platinum compounds are important chemotherapy drugs used to treat cancers. source: rsc.org
FX_IDC:XPTUSDLong
by Redimere_91
1
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