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Platinum

Gold To Testing New Heights And HighsOuter Perspective (Monthly Chart) Half way through the month of May and Gold is climbing seeing highs not seen since November 2012. Hopefully momentum and world dynamics in its favour to test levels depicted on the left hand side of the chart and breaks the wicks of 1795 and above. Area of Interest Looking to the highs. Gold is placed well into the close to open on Monday with a nice weekly candle. Buyers will see this fresh air on the charts and price levels having confidence. A test of the inner lows trend Line could be retested, so watch for bears playing here. Buyers will need to hold these levels steady. If highs are broken it tells you a lot about the economic sentiment worldwide at present.... Have a glorious weekend all. 📈Support & Resistance📉* Support Levels 1st Support Zone: 1721.336 2nd Support Zone: 1702.869 3rd Support Zone: 1673.126 Resistance Levels: 1st Resistance Zone: 1753.979 2nd Resistance Zone: 1783.75 3rd Resistance Zone: 1814.26 Price Level Consideration All Time High Half Way Point: 960.480 Prominent High: NOW Prominent Low: 1043.409 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: BULLISH NOW 🐻 Bearish below: 1451.718 Comparative against Silver & Platinum
OANDA:XAUUSD
by LandenInternational
XPT Consolidation & Compression To APEXPlatinum has consolidated sideways for the past 21 Days and compressing. If the Gold and silver markets move look for Platinum to follow with a bit more volatility. Current price is apexing and it can’t consolidate and move sideways forever… 📈Support & Resistance📉* Support Levels 1st Support Zone: 755.484 2nd Support Zone: 713.468 3rd Support Zone: 682.747 Resistance Levels: 1st Resistance Zone: 780.572 2nd Resistance Zone: 804.047 3rd Resistance Zone: 830.968 Price Level Consideration All Time High Half Way Point: 1151.080 Prominent High: 1020.971 Prominent Low: 563.635 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 918.377 🐻 Bearish below: BEARISH at the moment Monthly & Weekly Opens Monthly Open:776.026 Weekly Open: 771.095
OANDA:XPTUSD
by LandenInternational
Gold: Value Up In 2020Gold Overview 2020, what a year to be experiencing one of the most crazy periods of time in humanity. Alas the run up from the 1st of December 2015 has provided some ample trading signals and chart structure which I’ll intend on touching on. Covid has shaken the Gold market up and I’m not just talking about the charts, but physical. Here’s a brief overview on the current situation in 2020 Supply: With mining production falling 3% in quarter 1 this will go on to disrupt the rest of the year. Central Banks: Remain net buyers of Gold with purchases up to 145 Tonnes / Russia suspense its gold purchases. Technology: The electronics sector has seen a fall in demand dropping 7% since last year. Jewellery: With rises prices due to cover saw this sector’s demand drop 39% with china (the largest jewellery market) experiencing 65% less demand. Investment: Inflows into gold- backed ETFs surged with coin/bullion investment jumping. Note that western market up 36% verses 19% drop in Asia, china being 48% of that 19%. Collectively up 6%. Thus this brings us to the charts: Outer Perspective Sitting high is gold. Price hasn’t seen these levels since September 2012. Let that sink in. Trend is bullish and the bulls are pushing. Remember that precise and volume need to take a breath here and there and at this point a retracement is understandable. A break of support below will show weakness however there is blood still circulating within the price muscle. A break of the highs will then contend with 2011/12 ATH prices. Inner Perspective Currently price is settling at levels of the weeks from 2-5 days ago falling $10 however holding strong above the apex of the previous high before a downward move (9 March 2020). At present and stated in outer perspective market taking a breather. The Inner Lower Trend with 2 touches could see a retest in price. Area of Interest Price may test The lower trend line and support at the zone around 1691, however we’ve been bouncing back and forth for nearly 20 days now. Keep an eye on the triangle for price to navigate these zones. 📈Support & Resistance📉* Support Levels 1st Support Zone: 1691.46 2nd Support Zone: 1666.49 3rd Support Zone: 1627.26 Resistance Levels: 1st Resistance Zone: 1730.21 2nd Resistance Zone: 1783.75 3rd Resistance Zone: 1814.26 Price Level Consideration All Time High Half Way Point: 960.480 Prominent High: 1703.717 Prominent Low: 1043.409 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: BULLISH NOW 🐻 Bearish below: 1451.718 Monthly & Weekly Opens Monthly Open:1686.008 Weekly Open: 1703.717 Comparative against Silver & Platinum
OANDA:XAUUSD
by LandenInternational
1
Palladium demand destructionThanks for viewing, Some view platinum and palladium not as investment petals for various reasons, others disagree. I prefer (in rank) 1. gold (bullish), 2, silver (neutral), platinum (bearish). Platinum makes the list because I can purchase it in small increments - while palladium was only available in a minimum of 1oz coins (which had high premiums - as coins in general do). That said, I expect platinum to also show future weakness - potentially going sub $350ish - which is okay as it is a strategic metal that is relevant to defence applications among other things. The reasons I expect weakness in demand for Platinum (currently oversupplied) are the same as for Palladium (under-supply); Palladium has had a huge run since 2008 - peaking at 16.5x and now at 10.5x over that time period. The major driver was a supply demand mis-match caused from strong demand from auto-catalysts for petrol vehicles. All that has changed dramatically in a short period. Demand has been destroyed for new motor vehicles. Light vehicle sales were down 34.6% in March www.marklines.com and that drop will be over-shadowed by the April drop. Hopefully, these drops are short-term and will bounce back shortly - like vehicle demand in China did - although estimates vary on the time-frame. I suspect we will see near-term demand reduced from 2019 levels for all of 2020. Medium and long term factors are both negative for those expecting internal combustion light vehicles production levels to bounce bank to new highs. The most major impact will come from an unfolding de-leveraging. For those that blame the health crisis for 100% of the economic woes, please cast your eye a few months back when we had; - an inverted yield curve, - downgrades of global and regional GDP growth announced by the IMF, World Bank, BOJ, ECB, Fed etc etc, - Cautions on the level of sovereign, corporate, and household debt levels, - Interest rates in the US repo market spiking to over 11%, - The Fed started QE4, or what they called "definitely not QE4", - Large investment banks were announcing they were advising their clients to sell US equities because they saw limited upside remaining, - The US continued on its longest and weakest economic expansion in history. My general view is that this health crisis with its associated economic contraction brought forward (and exacerbated) what was already just around the corner - a recession. Any deleveraging event was always going to have to be more significant than 2008-9 simply because debt levels are so much greater now - while incomes have stayed flat. So this will necessarily impact on discretionary consumer demand (and availability of consumer credit) for some time. Price targets; 1300 should provide some support, stronger support at the $1140, and $1100 levels. 1:1 extension of the recent steep drop at $1060. This level may cause a strong bounce in 6 - 12 months (depending on industrial demand pick-up) - but after that who knows. The trajectory now seems to be away from diesel vehicles, especially since the VW scandal (which hasn't yet fully unfolded to reveal just how wide-spread the massaging of emissions results among the industry as a whole). Medium to long-term, there is every possibility that Palladium's new home will be below $1100. Protect those funds everyone
TVC:PALLADIUMShort
by flyinkiwi10
1
PLATINUM (USD) Monthly, Weekly & DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:PLATINUM
by Dinjin
PLATINUM (USD) Monthly, Weekly & DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
TVC:PLATINUM
by Dinjin
1
JSE 30-Day challenge: Day #5 WEZ5th Day. Today we bought some risky platinum. I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row. Goals: 1. Buy stocks every day. 2. Keep balance at least of ZAR150.000 on 20 June 2. At least 30% of picked up stocks need to hit 25% profit gain. Rules: Only JSE stock exchange. The initial budget is ZAR300.000 Limit per one trade from ZAR5.000 to ZAR10.000 Spend no more than 1 hour per day to buy any stock and publish the idea. Last day to buy stocks - 20 May Last day to sell stocks - 20 June Log: 1st day is JSE:MCG ~9100 p/s 2nd day is JSE:NHM ~8325 p/s 3rd day is JSE:PBG ~191 p/s 4th day is JSE:QFH ~362 p/s 5th day is JSE:WEZ ~47 p/s
JSE:WEZLong
by Kopachelli
3
JSE 30-Day challenge: Day #2 NHM2nd Day. I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row. Goals: 1. Buy stocks every day. 2. Keep balance at least of ZAR150.000 on 20 June 2. At least 30% of picked up stocks need to hit 25% profit gain. Rules: Only JSE stock exchange. The initial budget is ZAR300.000 Limit per one trade from ZAR5.000 to ZAR10.000 Spend no more than 1 hour per day to buy any stock and publish the idea. Last day to buy stocks - 20 May Last day to sell stocks - 20 June Log: 1st day is JSE:MCG ~9100 2nd day is JSE:NHM ~8325
NLong
by Kopachelli
XPTUSD | Cup & HandlePlease support this idea with LIKE if you find it useful. Price formed a Cup & Handle. Moreover price already broke the Horizontal Resistance and confirmed the pattern. So we can initiate a long position with stop-loss below the Horizontal Resistance Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
OANDA:XPTUSDLong
by Anpu
9
PLAATINUM technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support 📌Why DepaDigitalTrading: *Analysis based on my program and tactic readings *Fundamental side in analysis *Price action - FIBO - Candl pattern *FX - STOCK - CRYPTO *Day trader - Swing trader - Position trader - "Sniper" *Simple ideas 💡 PLATINUM technicaly based idea, technicaly indicators showing we can expect higher push up in price, expecting to see push in price till FIBO 0.6. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
TVC:PLATINUM
by UnknownUnicorn3983388
Platinum Breakout & Palladium Blow-off TopPlatinum at current levels presents tremendous value. The precious metals take turns outperforming and underperforming. In the late 90s palladium went into a bubble while gold, silver, and platinum bottomed out. Then throughout the 00's palladium moved sideways while platinum, silver, and gold all outperformed. I believe we are nearing a similar setup where US stocks will enter a blow off top and palladium will follow. Following this blow-off top platinum and silver will begin to drastically outperform. Additionally, the more expensive palladium gets, the more likely industry will find ways to substitute towards platinum. This is especially the case since most of palladium demand comes from China. Be keeping an eye on these metals, along with gold and silver.
TVC:PLATINUM
by Ludwig_Von_Mises