PL1! trade ideas
#Platinum Daily chart update ! 12/26/19 10:40 ESTPlatinum has a good chance a breaking out here in what would be a 3rd wave , following a leading diagonal in wave 1 and pullback in 2. 1200 zone would be some initial targets.
Platinum At A 30 Year Low vs PalladiumMonthly relative/ratio chart sees Platinum at a 30+ year low vs Palladium.
Platinum buy oportunity?False breakout was made in "premarket". "OPEN" start in a hour and could give us fast move upside like continuation of original uptrend.
Let's see.
PLATINUM, COT ANALYSIS, LONGWe enter if a retracement to 827, target 925
Precious metal market is possibly set for bull run
Lets see what happens with Platinum Commercials were in very heavy short positions. Now we are back to the zone before they got long before. Will this price interest them? Lets see if we can beat them this COT Friday..
IMO.... This is just a small bounce in a longer downtrend. Though this time last year we were very close to 1000. So I am torn.In the meantime- I will surly play the counter trade opportunities.
- SKYLOBSTER
Platinum: Top investment for the coming years.In our search for solid long term investments in the coming years we have decided to share our long term outlook on Platinum.
Technically it recently broke above a 3 year Falling Wedge turning bullish on the monthly chart an effect that has since receded as it pulled back on the 1,000 mark (RSI = 50.285, MACD = -8.660, ADX = 25.926, Highs/Lows = 11.4571).
If the 1W MA50 holds this pull back and another spike prints a Golden Cross, then we may come across a unique multi year buy opportunity on Platinum as most parameters will be similar to the late 90's Golden Cross pattern when the metal entered a hyper strong Bull Cycle. The target will be 2-3 times the initial value.
We wish to add at this point that Platinum has fairly reliable pointers both on the short and long term and thanks to that most of our latest XPTUSD signals have met their target on high quality patterns. You can get an idea of those below:
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Platinum Futures Bounce Off Long Term Level Platinum futures just successfully tested a 33 year old support/resistance level at $650-$800. Price is moving hard now (allegedly on China stimulus news) and a challenge of the ~$1,200 area in the next weeks to months looks highly plausible. Entering a long now isn't optimal, but a pullback towards or below $800 is much better.
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.
I got my eye on you platinum!!Jez what crazy PA!!! This is not financial advice. Personally I am going long and buying the higher higher highs- cuz that’s what ballers do. What is presented above it if PL DOES in-fact do what my research says it should.
Platinum Trading at 2008 LevelsDescending Triangle doesn't look great. However, has been violated recently, bringing along a new formation to test.
Platinum / Palladium Ratio Breakout from Falling WedgeWeekly chart Platinum / Palladium ratio.
Clear sign of a breakout / retest from the falling wedge after testing all time lows from 2001.
Supports continuation of platinum bullish breakout.
Will post long term chart in the comments to show potential upside.
Price of platinum broke above two key resistance points today.
Extremely undervalued from a historical standpoint.
$PLATINUM moving towards next level of 1000$This is a very long term chart of the Platinum price spanning 2 decades. Interesting how the base has now firmed off the horizontal support level of $750-$800. Looks like we should move to $1000 next which is where price will meet the downtrend resistance which has been in place since the tops in 2008. Should $1000 break (which will be big), we can then expect a move to the next level around $1200 which also coincides with a previous top of 2016 as well as the 200 month moving average.
PLV2019 SHORT TERM BULLISHIf PLV2019 can tests upper S&R Zone and close above 859.0 expect a bullish momentum to TP at 870. Strong showing can continue. But this may be just a short term window as stochastics are peaking at the overbought level. Go long and take opportunity. Exit upon any sign of weakness.
XPTUSD updateHello to Everyone!
This is platinum update.
xpt is breaking all time highs as mentioned in previous xpt analysis. Now If market breaks 918 zone then it can go upto 980. Hope it is going to break that zone.
Best wishes.
PLV19 supershow!Break above EMA14 SMA50 and SMA150 and strong enough to carry to the next trading session? Was looking at CLU19 and missed this totally :-(
Platinum Long Bias Welcome to everyone!
Recently we have given a very small short based signal. Check the linked post.
Now XPT is turning to the longs mode.
So longs bias right now on platinum.
enjoy the weekend.
Happy Trading.
PL Short- Day - 7/8Entry: $823.4, SL: $826.50, Target $810
A bit worried that my SL is too tight, my alternative SL would be $829-$830 region which might be appropriate. The chart could go much lower than $790-800 level if $810 is broken so the Risk-reward might make sense from that stand point.
