Platinum
Time to BUY PLATINUM (XPTUSD)?....YES!Sept 23 - 27th
Is it time to buy Platinum? YESSIR!
Weekly TF clearly shows the formation of a weekly bullish Fair Value Gap (+FVG).
Daily TF shows price is sitting in a daily +FVG, over lapping the W +FVG.
4H TF shows price is sitting in a 4H +FVG, which is nested in the D +FVG.
Not to mention, price has broken structure to the upside, and has pulled back to all of the above.
Did I mention the trend line that is intersecting the 4H and Daily +FVGs for confluence of support?
Oh yeah... the 4H TF shows the retracement of the most recent trading range has pulled back to the fibonacci Golden Ratio of .618.
So yeah, I'm thinking the market is BULLISH, and poised to push higher from the +FVGs.
May profits be upon you.
Enjoy!
May profits be upon you.
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Smart Money Positioned to LONG Platinum - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
LONG
Platinum (PL)
My COT strategy has me on alert for long trades in PL if we get a confirmed bullish change of trend on the Daily timeframe.
COT Commercial Index: Buy Signal
Valuation: Undervalued vs Gold & Treasuries
Bullish Spread Divergence
Supplementary Indicators: Stochastic & %R
Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a confirmed Daily trend change to the upside.
Good luck & good trading.
Platinum is about to skyrocket and soar by 20%!Platinum's insider was discovered!
He was last seen at it on March 7th of this year, and platinum prices have jumped by 20% since then!
Now, his target price is between $1100 and $1200 , representing a greater than 20% increase. There's some significant momentum going on there.
We are keeping a close eye on it.
PLATINUM Strong buy opportunity at the bottom of the Channel Up.Platinum (XPTUSD) has been trading within a 1-year Channel Up pattern and on August 05 it priced the latest Higher Low on the pattern's bottom. Having already recovered the 1D MA50 (blue trend-line), we have a confirmed signal of the start of the new Bullish Leg.
The last two major rallies rose by at least +20.86% and as such, our long-term Target is 1090.
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XPD USD - Sold-off relative to Gold/Silver- Crossing-up Monthly
See here for Palladium which I am also keen on for Long-hold going into Mid-September.
Note the monthly RSI oversold & starting to cross-up on the Oscillator
The monthly Stochastic is doing the same!
Below is a Weekly-chart for Palladium
See my wedge lines broken in grey. See how price has crossed-up & wants to now move higher, backed by Weekly-Stochastic-Divergence & I like the Weekly MAC-D with 2 x cross-ups recently, that is usually a very good sign when you get 2 x like that.
See my yellow 9EMA which I soon see crossing above my dark-blue 50 EMA. That is a super-bullish cross when that occurs & when it occurs on the weekly chart....look-out! Price will be very explosive upwards.
Guys, I have only just now looked at the mid-time-frames. But what I see comes as no suprise because I start at the very high-time-frames & work down. It is so huge and bullish on the Monthly & Weekly it does not surprise me to see this on the 4HR.
That is, a very bullish Head 'n' Shoulders pattern on the 4HR which also appears to have retested & will explode upwards through the neckline in Monday trading, I would say 9 to 1 chance.
Here is the almost exact same setup on the 2 HR.
A 30 minute Chart is also sweet with EMA confluence and the 15M chart is similar.
I will put out a Long trade on this during Monday trading no doubt.
So far we have Silver & Palladium. I am 'holding-on' to the 4 x Gold long position I have & I hope to ride them into the end of September when I see the next possibility for a correction in the Gold price.
Regards,
Chris.
* Trading is risky. Please don't rely solely on my financial advice.
* If you do take any of my trades, I suggest you only ever risk 0.25% - 0.5% of your total Capital on any given trade.
My trades have fantastic RR. Not this 1:1 crap you will get from a subscription service. But it's much more than my ego.
Here is why:
Say you risk 2% per trade like the gurus tell you.
If you have a 20K account & have 10 losing trades in a row, your account diminishes by $4000, so you now have a 16K account.
If you risk 0.25% per trade as I suggest. Here is the maths.
If you have a 20K account & have 10 losing trades in a row, your account diminished by a mere $500 compared to losing $4000 when you risked 2%.
You now still have $19,500 and you have not ruined your Psychology.
I have been trading a long time & 0.25% to 0.5% seems to be the sweet spot.
Gold Ripper Rally Set For 8-16 into 8-20 Targeting $2575-$2650Have you been following my research on GOLD?
This next move will likely be a very strong Ripper-Rally where Gold will break through the dual Flag Apex and move dramatically higher over the next 5-10+ days.
I will let this video tell you all you need to know.
Remember, watch my Gold Dual-Leg Rally video too.
I wonder what the "driver" of this rally in Gold will be?
US-Dollar?
Foreign Markets?
Some political or geo-political news?
Something will send Gold upward $75-$100+ over the next 5+ days.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
XPTUSD Strong buy on this 1W MA50 rebound.Our April 24 analysis (see chart below) on Platinum (XPTUSD) saw us struck Gold as we caught the exact Bullish Megaphone bottom which hit our 1060 Target:
The situation isn't all that different now as Platinum got close to those April levels, with last week's Low marginally breaking below the 1W MA50 (blue trend-line), managing however to close the candle above it.
This has been followed with a strong green 1W candle this week, which we expect to be the technical rebound towards at least Resistance 1 if not a new Higher High. Our Target is slightly lower than this at 1095.00.
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Platinum A Complex Equilibrium - Unraveling Market DynamicsThe platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive catalyst market, introduces a countervailing force. This dynamic interplay between supply-demand fundamentals and technological disruption creates a challenging environment for market participants.
Moreover, the geopolitical landscape, particularly in South Africa, the dominant platinum producer, adds an additional layer of complexity. Labor unrest, infrastructure challenges, and broader political instability in the region can significantly impact supply and, consequently, prices. The broader global geopolitical environment also plays a role, as tensions between major world powers can create uncertainty and market volatility.
Despite these headwinds, the potential for inventory depletion and ongoing industrial demand suggest that the market may continue to exhibit bullish tendencies. Yet, the magnitude and timing of these bullish impulses will be contingent upon the evolving dynamics of supply, demand, and geopolitical risks. As such, market participants must adopt a nuanced perspective, carefully considering both the short-term and long-term implications of these interconnected factors.
Essentially, the platinum market is a complex system characterized by non-linear relationships and feedback loops. Understanding these intricacies is crucial for developing effective investment and trading strategies.
Gold/Silver/Metals Cycle Patterns - Rally - Rally - RallyThis short update highlights what I call the "Kamala Shakeout" - which is uncertainty and fear driving market trends over the past 48+ hours.
Be prepared for a sudden and aggressive move to the inside in metals as uncertainty fades.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Northam just broke out of its cup and handleCup and Handle formed on Northam and the momentum is looking good for upside.
As many brokers and market maker in SA don't allow trading PLatinum, the only next options we have are platinum stocks. So this one is one that is almost mimicking the precious metal.
We are seeing price above 20 and 200MA. And this means it's a High probability analysis...
Target R167.75
Impala Platinum new target now UP to R126.27M Formation is now turning into a W Formation
We never had the break down and now it is looking up, along with the platinum price.
So we need to adjust course.
Now we are waiting for a breakout above the Neckline of the W Formation then the next target will be around R126.27
Nature: High Probability
Price>20
Price>200
Platinum looking GREAT for upside to 1,117Platinum analysis is looking great for a (Long) Buy
And I am sure many platinum companies will follow with it.
Pattern:
Cup and Handle - Broken above
Falling Wedge - Broken above
Entry 1,019
Stop loss 971
Take profit 1,117
NATURE: HPT (High Probability Trade)
Price>20
Price>200
Platinum is gonna rip! Buy calls on this company now!Somebody just bought HALF of all of NYSE:JPM 's eligible SET:PLAT platinum!! This thing double bottomed with a slant, this is repeating the same structure. I think price could double for this month, fall down for a couple of months and then start jetting upwards. I'd buy long-dated calls for the long run, and maybe slightly OTM calls for August $8.
This stock will be the number 1 platinum play, and platinum will out perform silver (if you can believe that).
UPDATE: IMP continues to disappoint with the commoditiesM Formation is easily turning into a Triple Top
Price<20
Price>200
Need to wait for breakout for the confirmation. Then the first target will be at R38.07.
It's a bearish outlook for platinum and is a downer for the commodity, but hopefully we get a stock market run up to counter for the drop.
Platinum: Destination Reached Platinum has reached our beige Target Zone between $995.40 and $1026. Within this range, the price should place the high of beige wave (4) and enter a larger sell-off. If, on the other hand, there is a direct break of the resistance at $1105 (28% likely), we will still see the price in the green wave alt.X.
Impala Platinum showing downside to come to R53.22M Formation seems to be forming on Implats as well Anglo AMerican PLats.
Platinum is showing downside to come and so it will bring down the companies with it.
We just need to wait for the breakout to the downside for extra conformation.
Price<20
Price>200
Target R53.22
PLATINUM Massive profit last time. What's the next trade?Straight and plain success of our previous Platinum (XPTUSD) signal (April 24, see chart below), where we caught the exact Bullish Megaphone bottom and hit directly our 1060 Target:
The price could now enter a consolidation phase, the last accumulation, similar to November 15 - December 15 2022, when after it touched the 1D MA50 (blue trend-line), it rallied to the bottom of the Resistance Zone.
As a result, we are turning into buyers again, targeting 1100 (just below the Resistance Zone).
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In Platinum, Triangle formed. 1st Target 1882, 2nd Target 2763.Triangle Pattern formed in Platinum Future, wait for the Breakout. Because Breakout is the Confirmation market move to the Bullish Trend. And 1st Target price is 1882, 2nd Target price 2763.
This is for Long Term Analysis.
I want to help people to Make Profit all over the World.
Platinum's Seasonal Bearish Trend: Insights and StrategiesPlatinum is entering a seasonal period typically characterized by bearish sentiment, as observed consistently over the past 15 years during this time of year. This historical pattern suggests a tendency for the metal's price to decline during this period.
From a technical analysis standpoint, the price is currently retesting the supply area, which coincides with significant resistance levels. This area also aligns with the 78% and 88.6% Fibonacci retracement levels, adding further weight to the resistance. Additionally, there is a notable RSI divergence, indicating a potential reversal or continuation of the bearish trend.
Given these factors, we are considering a bearish setup for Platinum, leveraging the historical seasonality strategy. This approach aims to capitalize on the anticipated downward movement based on both technical indicators and long-term seasonal trends. By combining these insights, we aim to make informed trading decisions that align with the historical performance and current market signals.