XPTUSD, Platinum H4: SellXPTUSD, Platinum H4: Sell
H4:
- Tendency: Downward
- Below resistance
- Candle: Bearish outside bar
=> Sell
Platinum
XPTUSD, Platinum H4: SellXPTUSD, Platinum H4: Sell
H4:
- Tendency: Downward
- Below resistance
- Candle: Bearish outside bar
=> Sell
IVANHOE MINES LTD - TSX: $IVN Builds Its Right-SideSince recapturing its 200DMA back in February, IVANHOE MINES LTD - TSX:IVN has been trending sideways and in the process, building-out a massive base as we can observe from the Daily chart above.
Additionally, IVN continues to trade above all of its important moving averages 20/50/200 and remains in fine technical shape.
Furthermore, if one were to zoom-out to both the Weekly and Monthly time-frames, you can see that IVN is in the process of building-out a potential inverted H&S pattern that should such pattern materialize and complete, would suggest a measured move to the $5 - $5.25 zone.
Thus, both investors/traders may want to pay close attention to the action in the days/weeks ahead for if IVN can clear the $3.65 hurdle, such development would likely trigger its next meaningful advance into northern territory.
I'm liking Platinum HereIt showing a little bullishness near a nice demand zone, a simple ABC would put us at about $844 Target right near a long-term resistance.
Platinum 2 Week ForecastWish I had published this sooner, as I absolutely nailed today’s massive price action.
I’m entering a partial position to hedge against the possibility that we don’t revisit the 790’s and low 800’s. If we do though I will buy a lot more.
Without a pullback its a 6% profit, with the pullback its 9%. Decent little trade.
PLATINUM: GET READY!Amma telling you lot - get ready for PLATINUM!! Avoid dithering. Look at the crazy structure level and support. Yes - price could fall out as well as it could break north. Nonetheless this is an opportunity for a controlled loss (aka stop-loss) on a lower time frame e.g. 1H to 6H. No guarantees - no predictions - no bull! LOL.
PLATINUM/RAND (XPT/ZAR) 1-HOUR TIMEFRAME SHORTI will be selling the XPT/ZAR if prices breach below the R11 550 price. Currently, prices are moving in a downtrend, g=forming a series of lower highs and lower lows and bear flags. If we see the corrective structure being breached to the downside, we will get our confirmation for a short trade.
GOLD 4-HOUR TIMEFRAME SHORTGold continues in it's downtrend, as it currently completes a corrective structure towards the 1290 resistance level. I will be looking to short gold around the 1290 area if price action suggests so. Therefore, be on the lookout for bearish engulfing candles or any type of heavy selling close to the dynamic resistance (trendline). A possible target is the 1270 zone. May the bears be will you!!!
PLATINUM Buy SignalPattern: 1D Head and Shoulders.
Signal: Bullish as the price has touched the Support of the neckline. Potential rebound towards the Resistance but tight trade due to the bearish momentum.
Target: 870.00 (top of the neckline and symmetrical Resistance).
XPTUSD: Sell opportunity on recurring patterns.Platinum is on a strong 1D pull back (RSI = 40.890, MACD = -6.510, Highs/Lows = -5.9250) that is currently consolidating (1H neutral) before the next bearish leg. A similar pattern was identified both on the RSI behavior and on the High - Low measurements. We expect the selling to complete a -11.00% decline and our short TP is 815.00.
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Holding 50ma - Bullish trend - 1p-1.50p target - Golden cross!Golden cross incoming.
Amazing results & increase of revenue.
Outlook very promising
BoD massive skin in the game
Palladium, Platinum & Gold mining operation.
1p-1.5p 1st target (Expect more in time as company ramps production)
50ma holding very well
Just to become... the largest alluvial platinum globally (from RNS)! Nobody says that lightly!
Platinum $100 from all time lows10 years later and the price is trading $100 above all-time lows. Last time price hit $750 it reversed and rallied +150% over the span of three years.
Platinum, Trading plan.Open Sell near $876 - $866
- Price broke down key level $876 after huge accumulation
- Entry after pullback will be with low risk
PALLADIUM/PLATINUM short/long opportunityPalladium started strong selloff while Platinum holds strong.
PA:PL ratio was at historical highs.
Platinum is holding strong and did make new highs when Palladium made lower high.
COT is confirming reducing commertials positioning in Palladium
When the indicators align: Potential long-term trend reversal! Hi all,
Heres a video summary...
XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal!
Here are my confluent reasons why...
1. Falling wedge pattern.
2. Bullish divergence on the RSI.
3. Higher lows RSI, lower lows price action.
4. Potential ABCDE count.
5. Price action really stretched away from EMAS. (weak indication)
I believe we are going to get something like this
However, there are multiple pathways it could take...
we have to look on the flip side as well, very possible we break out now and bull off into the sunset
Or we reject the top trend line head to the bottom trend line and continue this strong downtrend.
Either way, Platinum looks juicy and prosperous and I am leaning towards bullish.
Be patient and prepared for anything and let me know your thoughts.
Good luck and happy trading :^)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
PLATINUM Buy signalPlatinum / U.S. Dollar FX_IDC:XPTUSD
Pattern: Channel Up on 1D.
Signal: Bullish as long as 866 holds.
Target: 930.00 (the next Resistance on 1W).
* If 866 breaks be ready to short to 833.00.
