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Platinum (XPTUSD)

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PLATINUM trade ideas

Platinum Insider Stays in the Game, Anticipating Higher PricesA platinum Insider hasn't changed portfolio yet, so there's still potential for more growth. Let me remind you, on September 4th, an insider came into the Platinum market and went long, which caused the price of Platinum (and other precious metals) to go up. Now, prices are getting close to his target levels. This is important because it shows the market's future direction. The Insider know when to get in and when to get out. And we can watch them to see what he is doing. If you don't have the time or inclination to read stock reports, just follow us. We cover all the important stuff and provide valuable insights every day.
OANDA:XPTUSDLong
by ClashChartsTeam
XPT Surges as EMAs Align with Bullish Chart PatternH ello! XPT broke out from a falling wedge (See green trendlines!) formation with strong bull power, as the MACD shows. It wasn't against expectations since falling wedge chart patterns usually break upward. It's often a bullish formation. Thus, MACD and chart patterns align with a bullish outlook. Furthermore, the price is above EMAs (20/50/100/200). EMAs crossed upward on the 24th of September. Seemingly, nothing stands in the path of bulls until the green target circles. However, stay vigilant and don't go all in. Regards, Ely
CAPITALCOM:PLATINUMLong
by Elysian_Mind
PLATINUM Strong rebound on the 1D MA200.We got a perfect bottom buy entry on Platinum (XPTUSD) last time we analyzed it (August 30, see chart below), with the price already halfway to our 1090 Target: As you can see, the price action is almost a perfect mirror image of September - December 2023. Now that the price has confirmed the new Bullish Leg with a strong rebound on the 1D MA50 - 1D MA200 zone (blue and orange trend-lines respectively), we can expect it to complete the pattern and complete a +20.86% rise, right where our 1090 Target is. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot
PLATINUM - Short Term Whipsaw TradeThese upper wicked candles (red arrows) have my attention and notice that they make a slightly higher high whereas the RSI makes a slightly lower high. I have the RSI source set to "high" so that the upper wicks are recorded. And also a slightly higher high is often Wyckoff liquidity tapping. Then check the fib retracement and notice that this is all happening at the 0.786 overshoot ratio. This is an ideal ratio because any higher and then I know the probability of a slump dwindles. So this is quite a nice setup here I think. In higher time frame I am bullish Platinum. But these coiling whipsaws have been going on a very long time so I would be somewhat unlucky if this is leading to a breakout here. And the wicked candles are signalling this is a point of resistance. ... So a very short term trade here. Notice that on the 4 hour chart, every pivot low has been caught by the lower Bollinger Band. That will be my target. I will aim slightly higher than the lower band because it is rising @ $973. Sometimes these trends do move above the 0.786 but anything above around 0.81 generally signals a full retracement will occur ( and so invalidate the trade)... But even with the stop level as high as 0.84 ratio @$1006, this is still a 3:1 RR trade. So this is what I'll go with. A 3:1 trade TP: $973. SL: $1006 👍. Not advice
TVC:PLATINUMShort
by dRends35
Platinum In Neutral AreaHi there In the platinum setup, the price could break above or below the trendlines. If it moves above the daily purple trendline, the outlook will be more bullish; conversely, if it falls below the blue trendline, the sentiment will be more bearish. A break below the weekly trendline would indicate a shift to a bearish trend. This is a nice set-and-forget type of setup/strategy tip. When you receive an alert, you can gauge how market participants may be feeling about the market. However, always apply risk assessment before entering a trade. Happy Trading, K.
CAPITALCOM:PLATINUMShort
by Khiwe
1
Platinum: Little Consolidation (Wave 4); Golden RatioWe can see a very well defined cycle, and wave 1 to 3 already created. This new cycle could be a consolidation, the price can drop to 14,6% or 23,6% level. Or even in the middle between 38,2% and 23,6%, where other wicks has already touched, creating a support, where can also occur the last candle of Wave 4. Open interest in NYMEX:PL1! is falling and the major trend rising, it can occur a reverse, and this reverse will be the Wave 4. RSI left the Overbought level, followed by a failure swing, resulting in continued decline of the indicator. After the peak $1,016.45, ADX is losing strength while DMI+ has a high probability of changing position with DMI-.
CAPITALCOM:PLATINUM
by AFCapital21
XPTAUS Buy PositionAnalysis: - Broke previous high at 980.00 (indicating uptrend) - Broke the (correction) trend line after 4 touches. Trade Setup: - Entry Point: 988.00 - 990.00 (trendline breakout) - Stop Loss: 962.50 and trail the line. - Take Profit: Exit upon candle closing under the trendline / reachs 1060.00 (1.618 Fibo) Disclaimer: This journal is for personal purposes only. Trading involves risk; always do your research and consider your financial situation before making any trades.
OANDA:XPTUSDLong
by Phoenix-Rise-Trade
XPT Sell at trendline rejectionAnalysis: - Trendline: Down trend - Strong resistance at the trendline; Engulfing after touching the trend for 3/4th time. Trade Setup: - Entry Point: 983.700 (waiting for trendline breakout) - Stop Loss: 990.000 - 991.000 - Take Profit: Exit upon break below the trendline / 900.000 ( previous low ) Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
OANDA:XPTUSDShort
by Phoenix-Rise-Trade
Learning Tory's Trade Trading Plan: XPTUSD Trendline BreakoutCurrent Status: - Trendline Touches: 4 touches confirmed - Analysis: Strong resistance at the trendline; monitoring for trendline breakout. Trade Setup: - Entry Point: 975.250 (waiting for trendline breakout) - Stop Loss: 993.800 - Take Profit: Exit upon break below the trendline Disclaimer: This journal is for personal educational purposes only. Trading involves risk; always do your own research and consider your financial situation before making any trades.
OANDA:XPTUSDShort
by Phoenix-Rise-Trade
Platinum 1D 23.09.20241. Platinum is for months in symetrical triangle pattern (red) There was one atempt of getting out of the pattern but the price got back to the old trend (dashed red) 2. There are 2 support zones in blue. As the lower one is below the red line i am expecting that price will respect the upper blue support zone 3.The price currently broke the upper trendline and is getting closer to the blue support zone 4. There is also a lower thick trendline from which the price broke couple days ago - also expecting the price to get back to this trendline and use it a a support 5. the blue channel is being slowly created Entry: The yellow rectangle is my enty zone TP: TP i am setting at the intersection of ted trendline and blue channel - also the price has a round number 1050 SL: SL I am setting under the red trendline and resistance zone (the resistance zone coould be even bigger but I want to minimalise the loss, so at the moment when the red trendline will not be respected, after giving some small margin below, I am willling to close the postition
TVC:PLATINUMLong
by WiolaTrades
2
PLATINUM — Major Wave Up Can Start SoonWhile the dollar is rapidly losing its value and all other markets are going crazy, platinum, a wonderful precious metal with unique properties, one of the rarest elements on Earth, is still trading at 2004-2005 price levels. Is it a good buying opportunity right now? Let's see. The move from 1998 to 2008 is clearly a major impulse wave. Judging from gold's perspective it can actually be a wave III, but I'll label it as I for now as it doesn't matter at the moment. Here's a price history chart starting at the end of the 19th century if you want to see the big picture: sdbullion.com . The period from 2008 to 2020 is an ABC correction and the COVID crash was the end of the macro corrective wave touching price levels between 0.618 and 0.786 retracements from 2008 highs. Monthly candle close was just above 0.618 in fact. EDIT: forgot to include fibs, see here: The next move in 2021 looks like a typical wave 1 and can be the first subwave of the next higher degree wave. A wave 2 correction then followed and price action confirmed support at the $900 zone. Which means the next wave up can be just around the corner! Platinum is also hugely underpriced when compared to gold and the GOLD/PLATINUM ratio is showing bearish signs as I discussed in this idea: And with prices still so low considering inflation it is likely that downside potential for platinum is quite limited. This all makes platinum a low-risk investment and in my opinion it's a good idea to dedicate some portion of capital to this great metal. One way to get exposure is to buy ETFs like PPLT and PLTM. These are not very liquid instruments and not very suitable for short-term trading but will work for longer term investments. If you want some additional confirmation, you can wait for breakout of this trend line:
TVC:PLATINUMLong
by function_mechanic