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Platinum

Platinum - if history tells us anythingLook at the recent 3 $100 +/- drops for the metal. What the market tells us is that each time after these kinds of painful swing the market will follow up with sharp positive correction to the upside. For now the trend is still up with the 200 EMA below the priceline, I would rather be a believer that history should repeat itself. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
OANDA:XPTUSD
by hanzhao311
2
The Future of the Gold MarketThe precious metals market is on a rampage, and if the trend continues without government intervention, this is how I believe things will play out. Please keep in mind, I do not have a crystal ball. Things can and will change. For example, if the federal reserve starts tightening through interest rates because their motive becomes focused on maintaining dollar strength, they have the ability to reverse this trend for a period of time. The end result will always be higher gold prices, but the timing may be changed by intervention from government agencies. Now that we have that out of the way... Here's what I expect from gold, which will also effect how the other metals move. A large cup and handle pattern has been established on the monthly chart for gold. This basically means a high was set at $1920 and a big wash-out bottom took place shaking all the weak hands out of the market. Now it is ready to make a move similar to the start of 2000 and 1977. There is a good chance of a pullback this or next year. I believe support will be held in the $1800-1900 area. If we are lucky, price will get smashed down to $1600, but don't hold your breath. Why do I root for lower prices? Because lower prices give people who haven't gotten they metal yet a chance to participate. With all the money printing taking place at the fed and reckless spending of the federal government, mass inflation was bound to happen. Other metals like SI1! and PL1! to follow suite. Gold will typically make the move before they do, so it is key to watch the gold market. More updates to come. - Micah
COMEX:GC1!Long
by micahjmiller
Go platinum being bullish for MANY YEARS and now it is finally having its day now. Unfortunately I sold some of the shares to participate in the "silver squeeze" for which I regret so much that I don't have as much Platinum as in 2 weeks ago. Will gradually buy back my PT shares with market dip or not. Seasonality wise PT will outperform in the next couple of month. Technically it is very bullish with the price broke out of the super long term trendline resistance. Again it is a super depressed metal and it should be worth many multiples from this level IMO. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
OANDA:XPTUSD
by hanzhao311
💰🧧 Metal OX 🐂 🏮❤️💰💰💰 ( Year for Softer Metals)This is the second part, I would recommend you watch the First part So this is t he Year of Softer Metals and our focus will NOT be on Gold. Gold is the 'Hardest metal' for the Financial standards and has already reached all time highs last Year ( last year was also a Metal year but Yang, not Yin!) In this video we cover: 🏮Silver which is far away from it's price in 1981 (!!!) 🏮Platinum which has been our first pick in January 🏮💰 Lithium which is the definition of a 'soft metal' and was a huge success for us in 2020 🏮 Nickel which we like to invest through an (ETN) exchanged traded note or this Australian beauty 🦘
FX:XAGUSD
by FX_Professor
4
PLATINUM on an ascending triangle 🦐PLATINUM on the daily chart is consolidating below the 1130 resistance structure. The price is creating an ascending triangle between the ascending trendline and the resistance. According to Plancton's strategy, if the conditions will be satisfied, 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
11
Platinum - 2nd Target achieved ✔️✔️This was our FIRST VIDEO of the year , maybe watch it now if you haven't already. Trading 101 paid profits and dividends twice. Now let's go for more - 2 target profits left: here My friend Kaush says that: It’s 8% away from its 20 ema it’s pullbacks have been roughly 13% in the past max it’s gone is 10% away from its 20 ema before doing a pullback What does that mean? Well, it is basically a train going 300 miles per hour. Hard to get on it, happy to be on it. The secret is to buy the dips at the right price (that's why we share with you here). what's next? #platinumlongterm 👈
NYMEX:PL1!Long
by FX_Professor
1
Platinum looking strong bullHello! Platinum looking really bullish. We got here a beatiful higher low pattern and a vertical line which has worked as resistance. This resistance has been tested 4 times. What I have seen usually 5th or 6th time does it. Also RSI has already broke it's own the resistance line and used it even as a support. This gives me a strong bullish view. Platinums demand is also getting bigger. Car makers are starting to use platinum instead of expensive palladium on exhaust systems. If you are not holding for long term and are trading. Use stop loss. Otherwise you will get your ass burned! Take care Jebu
PLong
by PalenTrade
2