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Platinum

Platinum looks like it's trading in a long term bull flag. I find it hard to believe this pattern is a descending triangle, we've just seen the dark blue baseline of the pattern hold support, considering the Macro environment I'm expecting this pattern to finish with a bullish outcome. The RSI is slowly starting to create a Macro higher high, if we see the RSI continue to creep above the blue line we will see some strong price action to the upside, potentially parabolically given how other metals like gold, silver & palladium have been trading recently. The DPO is closing above 0 for the first time since roughly 2012, we have seen the DPO touch 0 multiple times over the years but the DPO has never really closed above it since 2010 until more recently, very interestingly bullish. It's always possible this pattern plays out bearishly, nobody knows for sure, safe trading.
TVC:PLATINUMLong
by PrivyCapital
Precious Metals Suffer Heavy Beating!Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! This if the first week in nearly two months for precious metals to close with a negatively weekly price performance. Bearish Fundamentals - The recovery of US Treasury Bonds yields alongside a strengthening greenback contributed to the weakening of precious metals since last week. If economic data from across the globe continues to improve in the coming weeks, then Gold & Silver are expected to remain subdued. - Positive news about the Covid-19 Vaccine have raised the Risk Appetite of most investors who have began dumping non-yielding assets in favor of stocks and marginally improving US Treasury Bonds.
OANDA:XAUUSD
by tatendaaa
Platinum --> Metal Slug 🦐Recently all the metal markets drove by the upmove of gold has risen and created new highs. Platinum created recently on the daily chart a bull flag. During this week the market broke the flag and broke the resistance structure. According with our strategy we can look for a nice long order. ––––– Follow the Shrimp 🦐 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 Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
2
Platinum Futures: Time to change direction to bullish?Platinum is at a long term log down trend line from 2008. With the US dollar now falling I favor this line will soon be broken and uptrend begin. Technical observations that support this idea are: 1. Bullish divergence in the monthly RSI. 2. Huge up volume on the last price drop (seen monthly chart). Volume spikes often occur at tops and bottoms. 3. Less important but I think the EWT count is favorable. They may be a brief pullback before a up surge but maybe not. I see the first target at about 1320, but IFFFFF analysis is correct it may someday exceed the 2300 high. Take care. Process and trade your way. Feedback always welcome.
NYMEX:PL1!Long
by goodguy