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Platinum

Targets hit. New bearish pattern in development. Short.Both TP 878.128 and 852.737 in extension have been hit as the previous Channel Down on 1D even crossed our estimated 793.519 bottom. This break-out maintains our sentiment on a bearish path for Platinum as a new Channel Down is being developed on 1D (RSI = 41.648, MACD = -12.930, Highs/Lows = -6.5407, B/BP = -19.9240) seeking 740.000 as its next Lower Low. Only if 846.20 gets crossed, can we consider the probability of a trend reversal, as it will break the Lower High on the 1W Channel Down. Unless that happens, we will stay short on XPTUSD with new TP = 756.538 and 740.857 in extension.
OANDA:XPTUSDShort
by InvestingScope
Before the XPTUSD rise...Before the XPTUSD rise. It is worth a few moments to deal with the price of platinum. Platinum mines in South Africa are extremely low priced. Slowly this can turn out. At the same time with the strengthening of platinum and palladium. The price of XPTUSD has come to a consolidation stage. It has a low ATR, so too much movement is not expected in the future either. Still, I'm waiting for a stable but slow increase. The rise of the first two wave structures may be around 1 W1 ATR. A significant increase is expected in the third wave structure. It is likely to be a rise in momentum. The target price for the third wave structure may be around 1022 usd.
OANDA:XPTUSDLong
by meszaros
Long Platin above 834 $/bbl for a long term trade (buy and hold)SL @ 817 TP @ 1004 I will provide a comprehensive analysis for the trade decision in the evening, just wanted to make now sure, that my idea and the possibility to get into trade are intime. Good luck! Taking the trade from now on, as soon we go above 834, unless something changed or added to this idea. Want to provide some updates once a week during the trade for adjustements in take profit numbers, which i missed to make last time during my oil trade, which missed the original take profit number by less than 1 $. _________________________________ Disclaimer: There is a very high degree of risk involved in trading forex and/or futures. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
OANDA:XPTUSDLong
by fxstudent299
1
PLG shares before the rise...PLG shares before the rise. We have little information about the South African Wateberg PGM project. However, we indirectly know that the external engineering office involved in the work is the project of the "largest" project of mine now planned. The company is looking for a HR project manager. Back to the technical picture. The exchange rate moves in two types of fractal wave structures. The size of the rising fractal structure is always double. Until the decreasing fractal structure is gradually smaller. Short-term speculative trading is decreasing, but longer-term shareholding is growing. Based on the technical wave theory, further major waveform structures are expected. With a dual wave structure for purposes of around 0.6455 usd.
AMEX:PLGLong
by meszaros
Platinum is moving to a key level where we can open LongPlatinum is moving to a key level where we can open Long 2 weeks ago the price made fake broke at key level $810 and D1 close upper it. That showed to us that big players have an interest in buying. Currency rate is making pull beak down. I recommend opening Long near: $810 S/L under low $796 T/ P1: $1010 S/L: $1147 It is deal for long-term traders. If everything will work on my scenario, it can take 1–2 months before the price will hit T/P.
OANDA:XPTUSDLong
by Yuriy_Bishko
1