Platinum
PLATINUM2 POSSIBILITIES HETRE IMHO. Either we drop to $1000 which is very little chance or we bounce back $1300-$1400 resistance zone. Global deficit production most likely push the price higher.
Platinum long setup. Based on trend lines and support alone Platinum looks bullish. However, there is a triangle/ pennant forming therefore need to test if the bottom support holding up (or check if it forms a descending triangle ).
Most likely it will retest the previous high, fall back. If trendline support holds up, it should nicely go up.
This is just a trading idea, not a piece of advice. Do your own research before investing.
GOLD inside a triangle patternHelle dear traders,
only BUY and SELL after break out and break down.
Everything is marked on chart!
Please like and share.
Thank you.
GBP/USDT - Great short positionFormed triangle forming. Big likelihood to break out support line. If it happens, expect retest and decline to the key level. Good chance to make short position.
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
Platinum - will rise If gold goes up.
I think platinum will rise as well.
What do you think?
Here's the analysis on gold.
You will learn the best place where we can trade this instrument at low risk.
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
A Sharp Correction After The Incredible Rhodium Price ExplosionThe rhodium price crashed in March by 32 percent but is recovering already. Still the rally of the last months and years stays impressive.
The reason for the bull run is a tight supply and a strong demand. The causes of the jump have not yet disappeared and may last longer.
Not only rhodium is scarce, but its ETC (XRH0), too.
The largest rhodium producers, Northam Platinum and Impala Platinum are listed primarily in Johannesburg, South Africa. (But also available in the OTC market in the US and Germany.) The big multinational commodity holding Anglo American is another main rhodium (and platinum) producer. But much of its revenue comes from other raw materials. (Rhodium can’t be found in pure form. It is a byproduct of platinum, nickel, and palladium mining output.)
Main rhodium minders surged 400-500 percent in last years. But the economic recovery, expected in the middle and second half of this year, may further increase the buying pressure on rhodium and miners.
Platinum going under the radar yet again Gold and silver have been the focus in the precious metals space but platinum just bounced off of 55DMA and broke out of a bull flag. The percentage gain these last few days has easily outstripped gold and silver. Depending on how conservative you are, we could land at 1400, 1650 or anywhere in between. 1400, 1500 and 1675 have all been significant areas of resistance in the past. It's worth noting the last conservative fib extension was 1250 and we overshot by quite a bit. After years of being unloved and undervalued, the technical set up is great and the fundamental case is also gathering strength with green tech, palladium substitution etc. I don't have a long term target but I've seen 2200 thrown around.
Anglo American Plat Ltd looks really overboughtEverything about this chart is telling me that the stock needs to retrace and perhaps consolidate at lower levels before its next leg upwards. At face value the company appears to be heavily overbought. I would usually take significant profits at this point, however, the price of platinum looks really bullish.
Its a case of reconciling whats been priced into vs the implications of a higher platinum price.
So what is one to do?
I'm incline to say take some profits...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Platinum looks like its poised for the next leg upwardsThe signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so.
Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the platinum price has a spike upwards, the share price of a company like Anglo American Plat Ltd could continue to see higher re-ratings in the share price.
Lets see what happens...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Platinum taking a breather, perfect backtest of breakoutPlatinum has retraced some of its gains but now is setting up for a breakout above its multiyear resistance.
This should open the window for 1400, and eventually 1800 in the near future.
Platinum: Long-Term Breakout & SCOTCHstocks TargetTVC:PLATINUM long-term breakout has begun. A monthly close above would confirm our SCOTCHstocks target range of $2500-$3000. Don't miss it!
Everything shared here is my own opinion and no results are guaranteed. Good luck!
DXY - Fate - USD, Debt, Gold, and EnergyFate:
The Great Recession in the United States was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis along with restrained government spending following initial stimulus efforts. It followed the bursting of the housing bubble, the housing market correction and subprime mortgage crisis.
The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."
I'm going to stop. Getting warnings, now. This is my last one. I will play the normal game again...
