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Platinum

Every rally starts with a short coverPlatinum has been trending lower for more than four months, the March peak, and is finally showing signs of a potential bottom. Yesterday's whipsaw helped complete the right shoulder of an inverse head and shoulders pattern. Upon doing that, it also back-tested the trend line from its June peak, holding it as support perfectly. The large range consolidation over the last three days created a flag-like pattern, brining a coiling of strength to help pierce through the 21-day moving average this morning. The cherry on top is that Managed Money, hedge funds, have been net-short Platinum. This tells us that upon strength there will be short-covering. Not only in Platinum but SIlver and Gold too. In fact, Managed Money went net-short Gold as of last Tuesday for only the second instance in history. The first was at the exact 2015 low and the second was in the later innings of the 2018 sell-off. Managed Money going net-short metals is a contra indicator.
NYMEX:PL1!Long
by bill_blue_line
Platinum (XPT/USD) Going Bullish???Will Palladium Close Bullish This Month (JULY) ? This Trade Consists Of A Classic AMD Trade And Traditional SnD +A Few ICT Concepts I'm Framing A Possible Reversal, Since I've Seen The WEEKLY & DAILY Timeframe Have Swept Liquidity Below And Palladium Is Currently Trading In My Premium Zone (Oversold), NOT OVERSOLD AS IN OSCILATOR INDICATION My Expectations For This Setup Small Pullback Towards The Optimal Trade Entry Zone , Creating A Second From The 2 Hour Timeframe Price Filling The Imbalance Below Or Testing A Bullish Orderblock, As Our ENTRY TRIGGER DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research ( DYOR ) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual.
OANDA:XPTUSDLong
by Prof_Invests_ZA
710 possible for a week or two. 850 is the range likely for a few weeks with a pulse to 800 range. Then the price could fall to a cost of production for a few months...maybe even a pulse below that for a few weeks. Might even stay there long enough to get some physical at decade lows. Then again who wants dollars? I guess 2.8% interest for a 10y bond with prospects for 7% inflation looks good to some people. Maples, eagles or plate? what will there be? trading PPLT as a hedge to lock in a price.
OANDA:XPTUSDLong
by Ruthenium
Gold Fractals Align - Could See A HUGE Price Swing HigherCycles & Fractals are aligning for an aggressive move higher in Gold & Silver. If my research is correct, a similar fractal is setting up right now compared to the one from the GFC (2008-2011). I believe we are at a peak in the Gold/Silver ratio and we could see an aggressive move downward in this ratio over the next 6~18+ months - sending Gold and Silver MUCH HIGHER. Follow my research and learn to protect and grow your wealth. There are still decent stocks/ETFs to trade - but now is the time to be SUPER CAUTIOUS. Gold/Silver/Bonds should begin to move higher as FEAR takes over the markets.
COMEX:GC1!Long
by BradMatheny
2
PLATINUM 30th JUNE 2022Platinum is in critical area, closer to breakout support, risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing. I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. www.lme.com 2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options. www.cftc.gov Due to the uncertainty of these, the price of platinum tends to be bearish. This is my trading plan on XPTUSD , how about you?
OANDA:XPTUSDShort
by DNP-FX
PLATINUM Buy opportunity long-termPlatinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken, long-term extension to the Feb 2021 Lower Highs. If on the other hand we break below the 900.00 Support, we will take that minor loss and turn bearish instead towards the 830.00 September 24 2020 Low. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
2
A bear flag in Platinum!Platinum looks interesting right now. On a 15-min chart, we see price in a bear flag pattern. On top of that, Relative Strength Index (RSI) shows waning momentum, adding evidence to a potential price breakdown. Couple this with a longer-term daily chart, prices are trading in close proximity to a long-term support level of 914 & 883. With the 914 support level broken once last week. We expect some downward pressure on prices in the short term, favoring a short position. Entry at 936.7, stops at 945. Target at 914. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
NYMEX:PL1!Short
by inspirante
Platinum Futures (PL1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 1026.3 Pivot: 1000.5 Support : 988.0 Preferred Case: Price is moving within the ascending trend channel and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 1000.5 where the pullback support is to the 1st resistance at 1026.3 in line with the swing high resistance. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 988.0 in line with the swing low support. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
NYMEX:PL1!Long
by Genesiv
PLATINUM 18th MAY 2022Platinum is in critical area, closer to support but at risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing, I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. www.lme.com 2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options. www.cftc.gov Due to the uncertainty of these, the price of platinum still tends to be bullish. bearish may occur if the support area breaks out. This is my trading plan on XPTUSD, how about you? COPPER 25th APRIL 2022
OANDA:XPTUSD
by DNP-FX
$PLATINUM holding key 200wma200 week moving average is providing quite some level of support on platinum. Feels like the metal is building steam for another move higher? While price continuously traded below the declining 200wma in years before, for the first time in years we are seeing price hold up above this important average, while also seeing the 200wma pointing north which is encouraging. The RSI has also made higher lows since bottoming out during the Covid crash and showing us signs that the momentum is still holding up
TVC:PLATINUMLong
by MarcoOlevano