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Platinumsignals

PLATINUM Perfect long-term Channel with 2 extremes to consider.Platinum (XPTUSD) got rejected two weeks ago on the 'war candle' on the 1W time-frame and is on the 3rd straight red week since. The importance of that rejection, is that the candle closed within the metal's long-term (almost 4 year) Channel Up that started half-way through 2018. As you see XPTUSD tends to trade exclusively within this Channel Up structure, unless a 1W candles closes outside (either above or below) the pattern. In almost 4 years we had two such 'extreme' cases, one was the March 2020 market crash due to the COVID pandemic, which was the bearish extreme that reached as low as (marginally breaking) the -1.0 Fibonacci extension level and the other the Q1 2021 bullish extreme that reached as high as (marginally breaking) the 2.0 Fibonacci extension level. Notice who both distances are symmetrical on the extremes and that in both cases the candles, despite breaking marginally below/ above, they managed to close back inside the Fibonacci extensions. This pattern provides a low risk frame-work to long-term investors. Buy low and sells high within the Channel and if the pattern breaks and closes a 1W candle outside its top/bottom, trade to the direction of the break-out, either towards the -1.0 Fib or the 2.0 Fib. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSD
by TradingShot
1
Precious Metals on a very important inflection pointYesterday, Gold has broken above a very important level, 1830, a level that acted as resistance since July last year, and at this moment we may wonder, is this just a spike, or Gold has resumed its long-term uptrend? Looking at the posted weekly chart we can see that after the strong reversal that followed August's low, the yellow metal has put in higher lows on our chart in September and in December (also this low is confirming a strong support zone at 1750-1760). Last week Gold has reversed again, this time from under 1800 and, as I said, yesterday it has broken above horizontal resistance. At this moment XauUsd is facing an important figure, both psychological and technical, 1850. A break above this level would put bulls in a very good position and could lead to further gains towards the 1875 last high's resistance. Also, a break is extremely important, putting a stop to the sequence of lower highs started back in August 2020. Platinum: Unlike Gold, the recent high for Platinum happened in February 2021, and since then XptUsd corrected more than 30% to 900 zone, a zone that acted as support for more than 5 years. At this moment the price is back above 1k and just under a very important technical confluence resistance provided by the falling trend line and the horizontal level. A break here is also very important, signaling resumption for the uptrend started back in March 2020 and giving scope for big gains for Platinum in 2022 (even to 1500) Silver: XagUsd's was more clear and technical than Gold's, with the price stoping and reversing for 5 times from 21.50-22.00 zone and confirming this old resistance as strong support At this moment here also the price is facing an important zone and once Silver gets above, considering its violence and volatility I wouldn't be surprised to see the price at 50usd and a doubling in value.
OANDA:XAUUSD
by Mihai_Iacob
9
Platinum- Target reached, now whatThree weeks ago I said that Platinum is trading in a rising wedge pattern and a break of this pattern can lead to losses and to a break under 1k important figure. Platinum didn't disappoint me and it reached its target at 930. With great selling pressure on PMs (Silver&Gold) we can also see this support falling and 850 can be bear's target. Sell ralliers towards 970 can be a good strategy and only Platinum back above 1k would put a pause in this scenario.
OANDA:XPTUSDShort
by Mihai_Iacob
8
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
PLATINUM targeting $1090Pattern: Giant Head and Shoulders on 1D. Signal: Buy as the price hit the 0.5 Fibonacci trend-line and is near the Support. The 1D CCI is also on its Core long-term Support. Target: 1090 (potential contact with the 1D MA200 (orange trend-line) and right on the 2.0 Fibonacci extension). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
3
PLATINUM may be on the verge of a strong year-end rally!XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally. However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it since May 18 2021 with the rejections on it being brutal every time. In 2020 once it closed above it, the price soon started a strong rally. Notice how the RSI is on Higher Lows now in similar fashion as in 2020. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
4
PLATINUM a move to 1000 🦐PLATINUM on the 4h chart is currently testing a daily support. The market after the break of the ascending channel is testing a potential neckline. According to Plancton's strategy if the price will break below we will set a nice short 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:PLATINUMShort
by InkyGrip
29
XPTUSD About to confirm a bullish break-out.Pattern: Bullish Megaphone on 1D. Signal: Buy as the RSI broke above its Lower Highs trend-line. For a stronger confirmation you may wait for either a break above the 1D MA50 (blue trend-line) or the Lower Highs trend-line of the price since the February 16 High. Target: Either the 5.0 or 6.0 Fibonacci extension. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Ether2020 --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
3
PLATINUM (XPTUSD) starting a long-term rallyPattern: Channel Up on 1D. Signal: Buy as the price has been consolidating near the Channel's Higher Lows trend-line in a manner similar to November 2020. Identical MACD sequences also. Target: 1330 (current Resistance on 1D) medium-term and 1550 (Higher Highs trend-line of the Channel Up) long-term. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> kylevd23 --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
1
Platinum looks like its poised for the next leg upwardsThe signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so. Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the platinum price has a spike upwards, the share price of a company like Anglo American Plat Ltd could continue to see higher re-ratings in the share price. Lets see what happens... Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
TVC:PLATINUMLong
by JesseMorgans
PLATINUM - monthly supportPreconditions: - key level - buy after break out - locally uptrend - global uptrend You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:PLATINUMLong
by Yuriy_Bishko
15
Platinum - 2nd Target achieved ✔️✔️This was our FIRST VIDEO of the year , maybe watch it now if you haven't already. Trading 101 paid profits and dividends twice. Now let's go for more - 2 target profits left: here My friend Kaush says that: It’s 8% away from its 20 ema it’s pullbacks have been roughly 13% in the past max it’s gone is 10% away from its 20 ema before doing a pullback What does that mean? Well, it is basically a train going 300 miles per hour. Hard to get on it, happy to be on it. The secret is to buy the dips at the right price (that's why we share with you here). what's next? #platinumlongterm 👈
NYMEX:PL1!Long
by FX_Professor
1
Platinum- 1200 on medium term?November was quite a month for Platinum with the price rising 30%, but most importantly with a significant break above 1000 psychological and technical resistance, a resistance that held since 1017. At this point, the price is in a normal and necessary correction, and confirmation of 1k as new support would bring bulls into the market and the price can rise to the next important zone at 1200. Buying at 1010-1020 zone could be a great trade for the medium-term and only a drop under 950 would change this bullish outlook
OANDA:XPTUSDLong
by Mihai_Iacob
3