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Platinumlong

Platinum LONG TERM analysisLong term TA on PL1! 1) Shorter term expectations/price target 2) Relationship to gold and silver 3)Longer term patterns and eventual price targets on a yearly timeframe. Sorry if this was longwinded. Will begin to post weekly updates so consider this a comprehensive analysis to precede, shorter, brief, weekly analyses. Feedback is recommended, please enjoy - I hope somebody can get something from this and I can learn as well with feedback. Future videos will include actual trades with entries and near term targets. Feel free to let me know how helpful/unhelpful this might have been. GTTA
NYMEX:PL1!Long
by Commodity_TA_Plus
Crazy Sell-off in the Palladium Price since 2022. Over 200%. BUY Why I think our Buy-setup in Palladium today has no much upside. We have a bullish Head 'n' Shoulders on the 4HR timeframe. Right now price is giving you an even cheaper entry point before this pops! So, is there demand for Palladium across the world? Take a read of this article from cmegroup.com Why palladium matters to the growth of the platinum market By World Platinum Investment Council - WPIC® 16 Jan 2024 Executive summary Platinum is a critical mineral for the energy transition, and hydrogen-related demand for platinum is forecast to grow substantially through the remainder of the decade and beyond. Platinum catalysts in the electrolysis and fuel cell markets are expected to account for up to 15% of total platinum demand by 2030, reaching as much as 35% of total annual platinum demand by 2040. The principal use of palladium in 2024 is in fossil fuel and hybrid vehicles, so the health of the automotive industry and the pace of transition to electric vehicles are the key drivers on the demand side. From what I read, with electric-cars increasing there is not as much demand for catalyic-converters that are derived from palladium. However, there are other uses for palladium than electric cars and supply chains are continually disrupted by wars such as Russia and Ukraine. All I see is the huge sell-off. I also see a monthly oversold condition for Platinum .
EIGHTCAP:XPDUSDLong
by Easy_Explosive_Trading
2
Platinum welcomes Bull Market since April 2023SInce April, we've seen the price on a strong decline from $1,143 down to $843. It then reached a low and has consolidated around forming a Triple Bottom. The price has broken above the downtrend along with the neckline of the pattern. This means, we are ina bull market. But hold up. There are two ways this can go. EIther the market continues to consolidate and move sideways which will be a drag holding onto platinum longs. Or the bulls will do what they can to push up and take us to the target. With the Santa Claus Rally on the way and the positive sentiment reverberating world-side, I can only hope for the latter. My first target will be $1,094.00.
NYMEX:PL1!Long
by Timonrosso
XPTUSD BULLISH OUTLOOKPlatinum futures are currently trading at around $925 per ounce, not far from an 8-month low of $894 hit on June 28th. The market is currently focused on concerns regarding China's growth recovery losing momentum and has already factored in a projected deficit for this year. Despite demand concerns in China, the World Platinum Investment Council has revised its deficit forecast for 2023, anticipating a significant 77% increase. This revision is driven by a projected 28% growth in demand and a 1% decline in supply compared to the previous year. Industrial demand is expected to reach record levels, increasing by 17% due to glass capacity expansions in China. Additionally, platinum automotive demand continues to rise in 2023, up 12% due to increased loadings and substitution. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XPTUSDLong
by legacyFXofficial
Platinum, could this be a new swing higher?Today's focus: Platinum Pattern – Support hold, trend break Possible targets – 1070 Support – 993 Resistance – 1035, 1070 Today’s update is on Platinum. We have run over our thoughts and levels we are watching. Yesterday’s solid rally has held support and has started to test support after breaking the current downtrend. Will we see buyers clear resistance and confirm the trend break? Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:XPTUSDLong
by Eightcap
Will Platinum price explode to the upside?Since the Platinum Bobble burst back in 2008, the price was unable to recover, regardless of the all-time high on other PMs. However, looking at the weekly posted chart we can see that the low after the burst held extremely strong, and after January's higher low, XptUsd also has broken above the falling trend line. At this moment the road to 1350 resistance is cleared (medium term) and, a break above this level could lead to further gains to 2k in the long term.
OANDA:XPTUSD
by Mihai_Iacob
IMplats long after a extended sideways move Target R259.69Cup and Handle has formed on Implats. The price has broken out and is meandering sideways before the next move up. Platinum companies as well as the precious metal is setting itself for great upside as investors and instiutions are piling their funds into the metal as a form of safe haven... We are going old school right now where the old ways work better than investing in unstable Cryptos... More bullish signs 7 > 21 > 200 Target R259.69 Bullish
JSE:IMPLong
by Timonrosso
Platinum has formed a strong baseAs I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade. Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we have a strong bull candle and yesterday we have a Pin Bar that is diverging with Gold evolution (hard drop). Going further my expectations are strongly bullish and only a drop under support would change my opinion.
OANDA:XPTUSDLong
by Mihai_Iacob
5
Jamie Gun2Head - Buying the Break of PlatinumTrade Idea: Buying Platinum Reasoning: Retesting key resistance on intraday chart. Looking for a break higher. Entry Level: 928 Take Profit Level: 961 Stop Loss: 920 Risk/Reward: 4.13R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
PLong
by Signal_Centre
PLATINUM moving higher 🦐PLATINUM on the daily chart tested a few times the weekly dynamic support before moving to the upside. The price is moving into a descending channel and is currently testing a daily resistance. According to Plancton's strategy IF the price will break above and satisfy the Academy rules we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
27
Huge return on platinum for the next couple years This forecast is for investors, now you look at the global events and find some volatility on gold and silver prices as a safe haven also platinum has the same rule but what makes platinum is the best opportunity right now is the current price has fallen enough to reach the desired support at 770 $- 820$ area I expect the price to continue going down the path to these levels. Platinum’s prices are likely to rebound since it's used in manufacturing. It also has a future in renewable energy requests. As an investment, platinum may be useful in a variety of ways, including hedging and speculating. However, If you want to include platinum or any of the precious essences in your portfolio, I will recommend that. For the position, I recommend a buy order on 770-820 level with 1 Buy limit order at 590 -620 area with the same amount of the first position last Buy limit at 405- 425 area just in case the price make a strong move against us with 4x amount of the first position Our targets:: 1ST Target 1284 $ - 1320 $ area 2nd Target 1850 $ - 1900 $ area ============================================ The Period of investment starts from 6 months to 3 years (estimated) I had given you the areas letting you manage your position Commitment to strategy will bring you the best benefit of the strategy we expect 130% to 250% return for 3 years of investment
TVC:PLATINUMLong
by youssefallax
10