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Platinumusd

Platinum- The rocket you wish you hopped on. After slicing the charts 100x different ways I am extremely bullish. Some of these targets are far out of reality, and don't make sense. By 2025 it will. But for the time being the gains shown are just approximations of where price will be somewhere in time. I did not incorporate how long it would take to get there. This is by no means financial advice, just some thoughts on a PRECIOUS metal thats a SAFE HAVEN, called PRECIOUS METAL, and they are PRECIOUS. For oh SO many reasons.
NYMEX:PL1!Long
by SKYLOBSTER
XPTUSD: Medium term buy opportunity.Platinum has been trading within a bullish Megaphone pattern on 1W that is has now completed its bearish leg and is consolidating on the Higher Low zone (RSI = 45.796). We are expecting this consolidating to form the 1D Support for the next bullish leg towards the next Higher High. This is calculated to be around +18/19% from the current levels based on a +8% sequence on Higher Highs. The RSI patterns are also similar. We are going long on the medium term with TP = 937.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSDLong
by InvestingScope
3
PLATINUM - Blade RunnerI guess a few of you missed the last weeks' big opportunity in gold. But as you know there is always another trade. In this idea I will show you how this trade can overperform our next gold long trade. While we are shorting gold and waiting to print a DCL there's always worth looking around the metal sector which will switch from the late runner to a blade runner. Platinum is an interesting asset. There were times Platinum was more expensive than gold... If you watch the comparing idea chart closely you will see that the two metals were moving in the tandem in the past. In the last intermediate cycle ( highlighted by purple verticals the previous ICLs and red arrows the DCLs) platinum was catching up only in the 3rd daily cycle and it printed the big gains in a few days. As we are preparing to catch gold's DCL it's worth watching platinum also because this time it might rally hard in the 2nd DCL and not the third. I already started to take positions in platinum. As I'm shorting gold the margin requirements are quite cheap in a platinum long position. So this is a type of hedge against our gold shorts with platinum longs which probably has much bigger potentials in the second daily cycle than gold. It might start to run 2-3 days from now - when gold prints its DCL - or it might print an undercut DCL first and start the big rally after that. I think platinum is going to finish the present intermediate cycle at minimum 1022 maybe higher. ( IMPORTANT : Platinum has higher spreads and higher margin requirements than gold, before you buy check it with your broker, or start a smaller position)
OANDA:XAUUSDLong
by chartwatchers
9
Platinum: Strong 1W Resistance. Sell opportunity.XPTUSD is approaching the strong 1W Resistance Zone (873.80 - 878.10). In the past 15 months this level has provided a pivot point 4 times. When tested as a Resistance it rejects the price downwards. In addition to that 1D has heavily entered into overbought territory (RSI = 77.235, STOCH = 80.786, STOCHRSI = 100.00, Williams = -3.226, Ultimate Oscillator = 76.165) issuing a sell signal. We are taking this short TP = 831.60. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSDShort
by InvestingScope
5
XPTUSD (Platinum): Short opportunity on the 1D Resistance.Platinum has entered the 831 - 840 1D Resistance Zone (RSI = 63.418, MACD = 4.360, Highs/Lows = 20.0393) and following the impressive rise since last week 1D stochastics have turned overbought (STOCHRSI = 99.355, Williams = -7.945). This is a good opportunity to sell. Risk seekers may target the 775 - 785 Support Zone but we will settle for the median. TP = 808.00. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSDShort
by InvestingScope
Platinum: Symmetrical pattern recognition for a lower buy.Platinum is on its way to complete a Head and Shoulders pattern on positive gradient, a pattern that was previously identified from late September - November. The similarities are strong and leads us to expect that a similar candle sequence will be followed. This suggest that the price should rebound close to 786.85 and seek a upper neckline of the RS between the 0.500 and 0.618 Fibonacci levels at 811.60. We will use this as the TP. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSD
by InvestingScope
2
XPTUSD: Pull back completed. Resuming the bearish trend.Platinum has nearly completed a 0.382 Fibonacci retracement (860.500) on the 1W chart (1029 Top - 756.500 Bottom) and the price should be technically ready to reverse again lower and follow the long term bearish trend. 4H has already developed a Channel Down (RSI = 43.280, Highs/Lows = -0.2893, B/BP = -3.7820) which may spread to 1D (also on Highs/Lows = -1.3214, B/BP = -2.800). 807.070 is the 1D support that needs to be crossed. Also watch for the Higher Low supporting lines (indicated in red). Short, TP = 792.940 and 756.550 in extension.
OANDA:XPTUSDShort
by InvestingScope