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Platinum

Bullish PlatinumPlatinum corrected to pre-pandemic Trend and is following in this pattern. 3 strong pullbacks displayd with regression trends before breakouts. Accumulated the last month for change of direction to follow trend. Waiting on EMA to confirm Bullish action. From a political standpoint it's inevitabe that the price should increase due to vaccine rollouts, increased production of EV's, back to normal production of vehicles and increases in tech demand. Long term investment opportunity
TVC:PLATINUMLong
by John2506
2
Platinum Wyckoff analysis, Accumulation! 2150 TARGET!Platinum is in Phase D of an accumulation. It breached a 13 year long trend that lasted from the all time highs in 2008 to the upside. I'll be entering my long term trade around the 935/920 area. The price is coming down to retest the long-term trend-line, and will be hitting 2150 according to my point and figure calculations. Platinum is one of the most used metals in the electric car manufacturing industry, which supports the bullish bias, given the fact that huge oil companies are switching to environmentally friendly solutions. If you like the idea consider liking it, following me, and supporting me. Peace. TrickleDown FX
NYMEX:PL1!Long
by TrickleDownFX
Platinum Long possibility after BOS.Hello there traders! As always we provide you with analysis on tradingview. Currently we are looking at the Platinum where we had a nice impuls and corrective move. Structure tested supply zone and created a reversed H&S . Bullish pressure pushes the market up and after the retest of the right shoulder we should see Platinum take its flight to the moon. We also have seen the counter-trendline break wich indicates we are bullish . Last but not least we see the market create H&S and a rejection of the retest. This means we are satisfied and ready to take the trade. Have a good week!
CAPITALCOM:PLATINUMLong
by FXT_TL
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello. I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point. We have a double back test from previous resistance. One long term finding support from previous bottom resistance Another short term indicating another possible reversal. RSI is showing momentum is about to break the current downward trend Current correction is testing the lower edge of the channel. Estimating that around November 12 we will see PLG at around $14 for a +4x gain. Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run This chart is full of good historic data showing strong potential for quick gains
AMEX:PLGLong
by KondrackiKarl
PLATINUM - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. PLATINUM is sitting around strong support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: PLATINUM is forming a channel in orange but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, PLATINUM would be overall bearish can still trade lower till the 900.0 support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:PLATINUMLong
by TheSignalyst
18
PLATINUM a move to 1000 🦐PLATINUM on the 4h chart is currently testing a daily support. The market after the break of the ascending channel is testing a potential neckline. According to Plancton's strategy if the price will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMShort
by InkyGrip
29
Global Gold picture 🔥🚀What do we have on the gold chart? Let's look at the global picture! Gold updated the high of 2011, then corrected and found support at 1677$. It is now closed in the range of 1677$-1918$ and while the gold is in this range, we should just wait for a clean pattern to enter the position. In addition, we can see that the gold is now near the trend line, which also acts as strong support. What to do and when to buy? It is best to wait for the price to break out of this range. If the gold breaks the upper resistance level and tests it as support, it will be a good opportunity to buy with a target above the ATH. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:GOLD
by Yuriy_Bishko
6
The June CPI, South Africa, And Another Trial In Precious MetalsGold was sitting around the $1825 on Friday, July 16. Silver was over $26, platinum was near the $1140 level, and palladium was around $2700 per ounce. All four of the precious metals that trade on the COMEX and NYMEX divisions of the Chicago Mercantile Exchange have been trending higher over the past years. Gold and palladium reached all-time highs over the past year. The June CPI comes in on fire The inflation data is not a validation of “transitory” Passing a bullish baton from one sector to the next South Africa is on fire- Precious metals supplies could decline- Another trial begins this week The next leg up for gold, silver, platinum, palladium and other PGMs could be on the horizon Precious metals tend to rise in inflationary environments as the economic condition erodes money’s purchasing power. The tidal wave of central bank liquidity and tsunami of government stimulus has increased the money supply exponentially over the past year. Rising money supply weighs on fiat currency values. While all four of the precious metals are below their highs for 2021 and over the past years, the path of least resistance for prices on a long-term basis remains higher. When it comes to gold, every substantial price dip has been a buying opportunity over the past two decades. The current environment suggests that it will continue. Moreover, the recent events in South Africa, a leading gold and platinum group metals producer, could put additional upward pressure on prices. The June CPI comes in on fire The June Consumer Price Index rose for the third consecutive month posting a 5.4% increase in June. Excluding food and energy, it was 4.5% higher, the most substantial gain since September 1991. While the Fed and other analysts blamed one-third of the rise on used car and truck prices, any consumer knows prices are rapidly rising. The Fed continues to view the data as “transitory.” The market’s reaction continues to be another indication that the central bank will roll out plans to taper quantitative easing and schedule liftoff from the zero percent short-term Fed Funds rate. However, one factor may make any move by the central bank moot. The inflation data is not a validation of “transitory” The Fed Chairman and the Secretary of the Treasury believe that inflationary pressures are “transitory,” blaming the data on pandemic-inspired bottlenecks in the supply chain. However, with Congress discussing another $3.5 trillion in spending, even if the Fed tightens credit, the government’s stimulus tsunami continues to flood the financial system. The CPI data and rising retail prices are the price tag for the stimulus and tidal wave of central bank liquidity that began over one year ago. Passing a bullish baton from one sector to the next We have seen inflationary pressures rise in markets across all asset classes. The economic condition erodes money’s purchasing power. The stock market has risen to all-time highs. We witnessed parabolic moves in cryptocurrencies earlier this year. While Bitcoin, Ethereum, and many other cryptos halved in value from the April and May highs, they remain far higher than at the end of 2020 and many times the price levels at the 2020 lows. In commodities, gold rose to a record high in August 2020. While the yellow metal corrected, it continues to consolidate at above the $1800 per ounce level at the end of last week. Silver rose to its highest level since 2013 when it probed above the $30 level in February before correcting. Platinum rose to its highest price since 2014 before moving lower. In May, palladium, along with lumber and copper, reached all-time highs. Rhodium, a platinum group metal that only trades in the physical market, reached almost $30,000 per ounce this year. Grain prices rose to eight-year highs earlier this year. Sugar and coffee reached multi-year peaks. The latest sector to move to the highest level in years was energy as the nearby NYMEX crude oil futures contract traded at $76.98 per barrel on July 6, the highest price since 2014. Natural gas moved to $3.822 per MMBtu on July 6, the highest price since late 2018, with ethanol at an over seven-year high and coal prices at the highest price in a decade. The raw materials asset class has been passing the bullish baton from sector to sector in an inflationary relay race over the past year. Bull markets rarely move in a straight line, but the trends remain bullish, reflecting the rising inflationary pressures. South Africa is on fire- Precious metals supplies could decline- Another trial begins this week After another attempt at a rally, precious metals sold off at the end of last week. The prospects for higher interest rates push the US dollar higher, which tends to be bearish for the precious metals. However, gold remained above $1800 per ounce, silver is over the $25.50 level, platinum was at $1100, palladium was around $2.640, and rhodium was at a midpoint of $19,100. At the March 2020 lows, gold found a bottom at $1450.90, silver fell to $11.74, platinum reached $562, and palladium fell to $1449.90 per ounce. Rhodium declined to $2000 per ounce. South Africa remains a leading producer of platinum group metals. 72% of annual platinum supplies come from South Africa, along with 36% of palladium, 82% of rhodium, 81% of ruthenium, and 87% of iridium. Ruthenium and iridium are other platinum group metals that trade in the physical market. While South African gold production has declined over the past year, the country still produced around 99.2 metric tons of gold in 2020. South Africa is currently facing the worst political violence since apartheid ended 27 years ago. Violent riots and looting in the aftermath of the jailing of former President Jacob Zuma are gripping the country. Persistent poverty and the global pandemic’s toll have only exacerbated political violence and upheaval. As South Africa faces the potential for a civil war, precious metals production could suffer over the coming months and perhaps years, creating the PGM shortages and limiting gold output from the mineral-rich nation. Meanwhile, the greener path for energy policy only supports the demand for platinum group metals. As supplies from South Africa may decline, the demand will continue to grow, putting upward pressure on prices. Rising inflation and the South African political landscape support all precious metals prices. Meanwhile, this week, two traders accused of felony-level crimes in the precious metal markets go on trial in Chicago. Federal District Court Judge John Z. Lee will preside over the trial of John Pacillo and Edward Bases. The pair last traded for Bank of America Merrill Lynch. Mr. Bases had traded precious metals for Morgan Stanley, Deutsche Bank, Bear Stearns, and Merrill Lynch since the 1990s, while Mr. Pacillo has an equally long resume. A jury at the most recent Chicago trials of two Deutsche Bank traders, John Vorley and Cedric Chanu, returned guilty verdicts. Both were sentenced to one year in prison. Bases and Pacillo pleaded not guilty to the charges. A jury of their peers will decide their fate this week. More traders, including three from JP Morgan Chase, await their days in court. While the trials and sentences will not impact precious metals prices, trader’s behavior will change as a prison cell, and lifelong branding as a felon is a far cry from the comforts of a trading room. I ran one of the leading precious metals dealing desks in the 1980s and 1990s and know some of those charged, including Mr. Bases. I will save any comments for after the accused have their days in court. The next leg up for gold, silver, platinum, palladium, and other PGMs could be on the horizon Platinum group metals suffer from illiquidity on the futures exchange. The lack of visible stockpiles and the supply versus demand equations in the PGMs does not allow for robust futures or forward markets. Less liquid commodities tend to experience far higher volatility levels. Lumber is one of the least liquid futures markets. The price of wood from the $251.50 level in April 2020 to $1711.20 one year later in May 2021. At the end of last week, the price was below $550. Traders call markets like lumber roach motels as market participants can get into long or short risk positions but getting out when the market moves in the opposite directions can be more than a challenge. Platinum and palladium futures quality as roach motels. Meanwhile, increasing demand for PGMs because of the rise of environmentally friendly energy policy supports their prices. The upheaval in South Africa may only exacerbate upside price action if supplies decline. When it comes to gold, every dip over the past two decades has been a buying opportunity. The quarterly chart highlights the bullish price action in gold and the pattern of higher lows and higher highs that began in 1999 at $252.50 per ounce. Gold may have corrected from the August 2020 $2063 high, but the price action remains in bullish mode from a long-term perspective. Silver is a highly speculative metal that attracts herd behavior when the price begins to trend. In 2020, silver traded in an $18.175 range from low to high. So far in 2021, the trading band has been only $6.61, with silver making a marginally higher high and higher low. When precious metals embark on the next leg to the upside, silver is likely to have a magnetic pull for a herd of buyers. Rising inflation and the political landscape in South Africa are bullish for precious metals. While the US Federal Reserve may pivot to a more hawkish monetary policy stance, government stimulus shows no sign of slowing. It may only be a matter of time before the precious metals sector takes the bullish baton in the inflationary relay race that has been underway since the 2020 bottoms. Use the links below to sign up for free early access to new posts and register for the free Monday Night Strategy Call. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
COMEX:GC1!Long
by Andy_Hecht
Long on Impala PIatinum (IMPUY) - Quick Play 15, 16-ish to 20!After Impala Platinum Holding Ltd. has been held down all of these years, its time for the company to return to where it belongs... way, way up. While I would love to talk about returning to all-time-highs of 40++, why not just get in while the market is at a low around the next resistance point of 15 or 16, and then ride it to at least 20 for a casual 20-25% gain. Financials are healthy, so why not ride these guys out! Once you have your 20-25% gain locked in at 20, I would even reconsider doubling down and seeing how many resistances it can break as we keep going higher! How long will it take... let's talk about it!
OTC:IMPUYLong
by JJForMayor
1
💨𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 - Long Term 🐂 Trend🌊 𝙋𝙡𝙖𝙩𝙞𝙣𝙪𝙢 𝙁𝙪𝙩𝙪𝙧𝙚 (𝙋𝙇1!) — 𝙀𝙒𝘼 The senior wave degree is borrowed from the counting of the structure for gold and silver , which have a much longer history of quotations. The second slide shows how the correction, presumably the fourth wave of the “Supercycle” degree, is taking place in most metals, and the commodity market as a whole. Further, taking into account the fact that the upward wave from the orthodox top (IV) is a single zigzag, it is correct to make an assumption about the formation of the ending diagonal (V) , within which wave III unfolds. PL1! : 🕐2W Wave ((A)) in the composition of III of (V) must also take the form of a diagonal . At least, the double zigzag that has passed from the end of wave II , in the context of the senior degree, can be interpreted as the first subdivision in its composition. PL1! : 🕐1D The first targets at 38.2% in wave (2) have been reached, the double zigzag W-X-Y of (2 ) looks complete. Growth is expected to resume by the intermediate wave (3) , the minimum targets for which are to go beyond the top of wave (1) . PL1! : 🕐4h The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
NYMEX:PL1!Long
by TradeWaves-EWA