Platinum: Bullish Flag FormationPlatinum has formed a bullish flag pattern, indicating potential upward momentum. This technical setup suggests a continuation of the previous upward trend, making it a promising opportunity for traders.
About CFDs on Platinum (US$ / OZ)
Platinum as an investment has a much shorter history in the financial sector than does either gold or silver, which were known to ancient civilizations. Experts posit that platinum is about 15-20 times scarcer than gold, on the basis of annual mine production. Because of this fact, platinum has nearly always tended to sell at a significant price premium to gold. More than 75% of global platinum is mined in South Africa.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.
Platinum's Path: Channel Support Holds with Bullish DivergencePlatinum is currently trading within a well-defined channel, consistently respecting both support and resistance levels. A bullish divergence has recently emerged, adding strength to the case for a potential upward move. This divergence suggests possible buying interest at the lower boundary of the
Platinum: Divergence Confirmed with Trendline BreakThis chart illustrates a notable divergence in Platinum, which has recently broken below a key trendline. This technical signal may indicate a potential reversal or shift in market sentiment.
Platinum Buy Idea Platinum Buy idea.
As the trend line has been broken and there has been retest , so there is possibility of Platinuim rising. So here is buy idea with TP1 and TP2 along with SL.
XPT/USD "Platinum" Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XPT/USD "Platinum" Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous
Platinum, ill buy at 938!!!Looks like we made a wave 1 (12345). Now making a abc correction and in the wave C wiche has 5 waves. Im looking to buy exactly at 938. If it goes lower then to bad. Then find lower levels to buy. Use stoploss!! Almost weekend!
Platinum Rally: Diverging From SupportPlatinum has reached a significant support level and is currently forming a bullish divergence. This technical pattern suggests a potential upward movement.
Platinum: Relevance in Latin AmericaPlatinum (Ticker AT: PLATINUM) , a highly versatile precious metal, has experienced considerable price volatility, influenced by economic and geopolitical factors, as well as changes in industrial demand, especially in the automotive sector. Unlike gold, which is seen primarily as a safe haven, plat
PLATINUM: Best sell signal of the past 30 days.Platinum is heavily bullish on its 1D technical outlook (RSI = 65.879, MACD = 18.220, ADX = 36.308) as it trades on the bullish wave of the 2 month Channel Up. With the support of the 4H MA50, the price is very close to the top of the pattern. The bullish wave before that, topped upon a +12.17% rise
Platinum - Daily Resistance Zone - Bearish Divergence CAPITALCOM:PLATINUM has reached a daily resistance zone and currently slowing down the bullish momentum since the support trend line is broken! Additionally, bearish divergence is also present on the chart and price action indicates incoming bearish momentum since the HL on 4 hr has been broken and
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Displays a symbol's price movements over previous years to identify recurring trends.
