Platinum's downtrend to continue?Descending triangle is more of a continuation pattern.
It looks like Platinum is about to break to the downside.
Not confirmed yet.
Wait and see in the next few weeks.
Platinum
Stable Long Term Correlation Between Platinum, Gold and T-BondThis idea proves that if we see long term low rates there is a good chance the Precious metals will soar higher. On the other hand if there is significant rise in the interest rates than we can see some drop in Gold and Platinum prices, but I believe this will be short term.
Move to upside on PlatinumI think the move to higher price will continue and once we are over 200MA then we have more certainty that price is going higher.
Clear trend between mineralsTVC:GOLD
TVC:SILVER
TVC:PLATINUM
FOREXCOM:CUUUSD
Everytime gold, silver, copper, or platinum takes a hit or grows, the rest of the prices per oz go higher as well!
Everyone is buying cryptos, while PL looks "precious"Pun intended. All I hear from the post office guy or my friend's aunt or whomever wants to talk about finance is, what's going on with these cryptos. There's decent coin to be made on the precious metals here. Let me quarterback this out.
Initial Margin in PL: $1925
A 25 handle move = $50/handle x 25 = $1250 profit, less commissions.
ROI = 65%
For any investor/trader to make 65% on a crypto from here would mean. Now if I go on bitmex and trade a perpetual inverse swap, now we're talking!
BTC from 7800 to 12,870
ETH from 330 to 544.50
I love trading all assets and don't have biases toward any particular one. Important factors remain the same: liquidity, volatility, slippage, flow and hours and feel for it watching the tape. One isn't better than the other. It's the one that suits your trading style, personality, risk tolerance, sleep-like-a-rock-ness, and obviously, profit potential. Point being trade it all, learn it all. Try it all. Then figure out which one you can get really really good at and focus on that.
Long Position in Platinum from a well tested supportI am initiating a long position in Platinum futures at current prices which are well supported over the last several years. I think a long term bottom may form as the Platinum price is mainly driven by automobile industry and it is doing quite well recenlty. The position is taken with Reward to Risk ratio of 2.50 and can be kept even further!
Long Opportunity - Platinum - WeeklyDo not trade based on my ideas. I am a novice and post this for interest's sake only.
1. Long descending triangle coming to an end. Enter long after a weekly break and close above the trendline.
2. Potential inverse Head and Shoulders down there as well - the left shoulder is VERY close to the head - not sure if this is valid. Also wait to enter long above break and close.
I will probably wait for a break above both lines...with any luck the same week will do both for me :)
Trade carefully everyone
SH
Platinum Futures. Watching and Waiting to go LongPlatinum, along with gold and silver, have been in a decline for the past month (20 bars) with no reprieve in sight. We will be looking at previous S/R zone of 890-900 for entry points. Bottoming is usually a process and we never look to "pick the bottom". We've learned over the decades that that's a losing game with a negative ROI. We are merely examining which spots give us the highest probability and then use prudent risk/reward management to entry and exit trades with predefined stops and targets. Let's keep it simple.
[PLATINUM] CORRECTIVE STRUCTURE IN PLAY?Trend is bullish on daily chart, but after completion of Wave 5, we expect an interesting pullback around Wave 4.
MONEY MANAGEMENT: Use Size Reduce.
If you think this analysis can be useful, leave a your comment or your ILIKE!
Thank you for support and trade with care! Have you a happy week!!
Short Platinum @ 978.00; TP @ 960.00, SL your choiceShort Platinum @ 978.00; TP @ 960.00, SL your choice
PLATINUM/XPTUSD - D - LONG - TDII've always liked minerals and raw materials. Maybe I will focus more on commodities in the future.
I believe this is a good setup for PLatinum. We have a SL below latest low, that is not too far. We had a breakout on 4H, that should slow down a bit but not so much and then we can go to the sky.
GL HF
Silver, Gold and platinum part IIIAs we can see platinum is little bit too late to realize that his brother gold and silver already break channel, and still confortable at resistance area.
This is great moment for seller to enter short with target at support channel and if this channel break down this week destination for silver at 939 as classic support and reistance level.
So we get 3 analysis complete with only look at silver as main analysis
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time
PLATINUM: CORRECTION BEFORE A POTENTIAL WAVE UP?PLATINUM has broken the downtrend with a strong impulse. Now it looks overextended, so i'm expecting a correction before a potential wave up.
Platinum TradeOutLookwe will be long Platinum in up coming days . 900 is psychological Support Zone . and market gave us nice Response from this Level
