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Platinum

Long-term Platinum AnalysisThe chart shows that the price of platinum is at a very low level, according to the COT report analysis, it shows that compared to the previous publication, the number of open sales positions increased, but it is much smaller activity of sellers than in previous reports. This may mean that the downward trend is coming to an end. An additional factor to buy can be the fact that the price is at an important level of support. This in combination with COT reports is a good basis to buy. Warning This is a long-term forecast, it does not mean that the increase will take place immediately. In the case of long-term investment, I encourage you to use ETFs, for example PPLT.US (ETFS Physical Platinum Shares)
TVC:PLATINUMLong
by Suminski
Standard Channel Down and new Lower HighPlatinum is trading on a long term 1W Channel Down (Highs/Lows = -12.1143, B/BP = -36.7780, MACD = -13.210) that started off in late January and has just priced the latest Lower High near 915. With 4H neutral (RSI = 50.443, Williams = -46.789) around the blue line, we expect the decline to a new Lower Low to start soon. The TP is at least the previous Lower Low at 877.90 but more risk averse traders can book the profit earlier ay 893.40.
NYMEX:PL1!Short
by InvestingScope
XPTUSD Long Trade SetupHello traders Platinum has a great potential for upside but in the meantime, there is still chance for more down move. If the structure between the yellow lines is a contracting flat the structure between green lines should be the correction after reversal impulse and it should go up. If the structure between orange lines is a running flat, it will keep going down. But even in this scenario, I'm expecting some correction. That's why I have placed an entry order. My plan is to take the trade move stop-loss to break even and see the potential. If it breaks the previous bottom, I will move the entry price and stop-loss accordingly.
OANDA:XPTUSDLong
by WaveAnalysis
Platinum / USD Wyckoffian AccumulationPlatinum testing lows from the recession. I highly doubt it breaks those levels unless there's something special about the platinum market that I'm unaware of. It's showing signs of Wyckoffian Accumulation, so I'd look for it to go sideways for a couple of weeks. It's currently at the bottom of the TR (Trading Range) looking as if it's testing for any additional supply in the market. If it fails to supply demand, we should see a ST (Secondary Test) towards the top of the range to further define a zone of resistance.
OANDA:XPTUSD
by AzorAhai06
PLG hope or death...PLG hope or death. PLATINUM GROUP METAL shares have seen better days as well. But they are not the ones. The exchange rate has been in a decreasing trend for a long time. The time for a technical rebound is coming slowly. It is equally a question when the decreasing fractal wave structures and the increasing fractal wave structures are changed based on the same ATRs. But now it is time for a growing fractal wave motion. This is also confirmed by the fact that the exchange rate moves on the outside of the ATR axis (orange line). From here I'm waiting for a several-day upward movement. This 0A wave (first half of the green wave) is the target price of 0.6538. Then I look for the correction wavelength of the double fractal structure (Green AB), target price 0.2846. Then there is a rising wave structure.
AMEX:PLGLong
by meszaros
XPTUSD Long Trade SetupHello, traders. I'm expecting very nice up move in platinum. You can see my higher degree expectation in the followed chart, but it is almost impossible to explain by drawing because there are a lot of options. So, if you want to see detailed analysis, please watch today's analysis video on Youtube. The last down move has 5 waves already and the 5th wave looks like a reversal pattern. That's why I have put an entry order as you can see. The stop-loss is not certain. If the price goes deeper levels I will rearrange the entry price, stop-loss and lot size according to new bottoms.
OANDA:XPTUSDLong
by WaveAnalysis
Platinum - Bullish BatWhat's up guys, here's a setup I've been looking at for a while. I'm not a position trader- I don't like to hold trades for any longer than a couple of weeks max. That aside, I have saw this pattern coming for almost 2 months since the B level was broken (one could have BAMM'd it!) Here we have a bullish bat formation on platinum. The support level where the pattern falls has not been broken since 2016, and even that was brief. Since the chart in front of us began back in 2006 price has not been below the current support level for any longer than one month. For a precious metal of which there is less than one swimming pool on earth, price seems to be pretty low. This my prove to be a reasonable level for anyone looking to hold platinum long term. Bat Ratios B = 0.382-0.5 C = 0.382-0.886 D = 1.618-2.618 X to D = 0.886
OANDA:XPTUSDLong
by KyleMcQuade
PLG short squeeze with 4 times gain...PLG short squeeze with 4 times gain. The last drop of the exchange rate is visible. The wave structure could end at 0.1877 levels. From this level a so-called "SHORT SQUEEZE" is expected. The snort sqeeze wave can be a dual wave motion. The 0A wave is the first, with a target price of 0.3692. Then I expect a correction wave. The AB correction wave is a half wave structure. Then it follows again the first 0A wave structure. The second emerging wave is the BC wave structure with a target price of 0.4775
AMEX:PLGLong
by meszaros
XPTUSD Long idea after correction completesAnalysis: I've seen XPTUSD show a Impulsive move, and then correctively retrace towards the origin of the impulse. it has a little further to go hit the reversal zone indicated at the dashed orange lines. Hypothesis: I am looking for latent buy orders to kick in at the levels identified. Price should trade up to resistance where I have indicated by the blue arrow Risk Management: Trade potential 4:1 + Take off half at 1:1, and move stops to Break even. Let rest ride to Target. If you are concerned going long against short term bearish momentum.. you can wait for a 1D bullish candle before entry. PS: If my analysis is to your liking... please like the post & subscribe. Thanks.
OANDA:XPTUSDLong
by james_007
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