Platinum at Key Support Zone – Will Buyers Step In?OANDA:XPTUSD is approaching a significant support zone, marked by prior price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in.
If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 978.700, a logical target based on previous market structure and price behavior.
However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
PLATINUM trade ideas
Platinum Prices Poised for Decline as Seasonality & Supply ZonePlatinum prices are currently approaching a key Supply zone as the Futures contract PL1! retraces following an initial bearish impulse. This price action suggests that the market may be poised for further downside movement.
Analyzing seasonal trends reveals a potential for bearish behavior, consistent with patterns observed over the past decade. Historically, this time of year has often been associated with a decline in platinum prices, making the current setup particularly noteworthy.
With these indicators in mind, we are actively monitoring the market for short setups. The convergence of the price approaching the Supply zone and historical seasonality trends reinforces the possibility of a downward move in platinum. As the market unfolds, we aim to position ourselves accordingly to take advantage of any shorting opportunities.
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XPT/USD "Platinum vs US Dollar" Metals Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XPT/USD "Platinum vs US Dollar" Metals market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on!
however I advise Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most re cent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at the recent / nearest low level Using the 4H timeframe,
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1070.000 (or) Escape Before the Target
🔵Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
XPT/USD "Platinum vs US Dollar" Metals Market is currently experiencing a Bullish trend., driven by several key factors.
🟢Fundamental Analysis
Demand and Supply
- Demand for Platinum is increasing due to its use in catalytic converters and investment appeal.
- Supply disruptions in South Africa, a major Platinum producer, may impact global supply.
Market News
- Platinum prices rose 1.5% yesterday due to increased demand and supply concerns.
- The US dollar index is down 0.2% today, supporting precious metal prices.
⚪Macro Economics
- Global Economic Outlook
The global economy is expected to grow at a slower pace in 2025, with a forecast of 3.0% global GDP growth rate.
- Interest Rates
The US Federal Reserve is expected to keep interest rates on hold in the near term, while the European Central Bank is expected to maintain its accommodative monetary policy stance.
- Inflation
Inflation expectations are muted, with the US Consumer Price Index (CPI) expected to rise by 2.0% in 2025.
- Geopolitics
Geopolitical tensions between the US and China remain a concern, with the potential to impact global trade and economic growth.
🔴Trader Positioning
Institutional Traders
52% short, 48% long
Retail Traders
55% long, 45% short
Hedge Funds
50% short, 50% long
COT Report
Non-Commercials (Speculators)
net long 5,500 contracts
Commercials (Hedgers)
net short 3,500 contracts
🟠Market Sentiment
Retail Sentiment
Bullish (55% of retail traders are long)
Institutional Sentiment
Bearish (52% of institutional traders are short)
Hedge Fund Sentiment
Neutral (50% of hedge funds are short, 50% are long)
🟡Overall Outlook
Based on the analysis, the overall outlook for XPT/USD is bullish in the short term, driven by increasing demand, supply concerns, and a bullish market sentiment. However, the pair may experience a short-term correction due to the bearish sentiment among institutional traders.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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XPTUSD H1 ShortRecommendations
Entry Point Analysis: The planned entry point at 970.90 USD is below the current price, which could be a good entry opportunity if the price continues to decline. Check the charts and confirmations to see if the trend continues.
Set stop loss: The stop loss at 990.20 USD is reasonable and allows you to limit your losses if the price goes against your position.
Take profit target: The take profit at 950.70 USD shows a good risk/reward ratio. If the trend continues, reaching this target is possible.
PLATINUM - Sell Setup at Key Resistance ZoneOANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area has previously acted as a key supply zone, making it a level to watch for potential rejection.
If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the $1,021 level.
However, a strong breakout and hold above resistance could invalidate the bearish outlook, potentially leading to further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
Platinum Bullish GartleyI think that after the accumulation period, Platinum prices will head towards the Bullish Gartley target.
* What i share here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Platinum towards Key Resistance. Watch Closely for Confirmation OANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area is a great zone to watch for potential rejection.
If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the $1,010 level at least. In this recording I will be explaining in more detail why I think this is a possibility and what to look for.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Platinum Approaching Key Resistance — Will It Drop to 1,010$?OANDA:XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area has historically acted as a supply zone, making it a key level to watch for potential rejection.
If price struggles to break above and we see bearish confirmation—such as rejection wicks, a bearish engulfing candle, or weakening bullish momentum—I anticipate a pullback toward the $1,010 level. However, a strong breakout and hold above resistance could invalidate the bearish outlook, potentially opening the door for further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
Platinum Testing Key Resistance - Reversal Ahead?OANDA:XPTUSD has reached a major resistance zone, where sellers have previously taken control. The current rally has been strong, but this level could act as a turning point if buyers start losing momentum.
If we see bearish confirmation—such as rejection wicks, bearish engulfing candles, or a drop in volume—I anticipate a move toward $971.78 level. A clear rejection here could fuel selling momentum, leading to further downside. However, if price breaks and holds above the zone, the bullish trend could extend higher.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
PLATINUM Buy signal on the 1D MA50.Platinum (XPTUSD) is ranged lately within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) but with its 1D RSI rising steadily since the December 30 2024 Low. That was the technical bottom of the Falling Wedge pattern that broke upwards.
As you can see, this has been a very common pattern since September 2023, with all Falling Wedges eventually breaking to the upside to hit at least the 1.618 Fibonacci extension. As a result, our current short-term Target is $999.50.
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Platinum – Potential Short Setup with RetestPlatinum is currently trading below a key resistance zone, following a breakdown from the ascending channel. The recent bearish momentum indicates the potential for a continuation lower if the price fails to reclaim the resistance zone.
If the price retests this zone and shows rejection signals—such as bearish wicks, engulfing candles, or decreased buying pressure—it would strengthen the case for a short trade. In this scenario, the next target for sellers would be the $926.94 support zone, where buying interest may re-emerge.
This setup aligns with the broader bearish structure following the channel breakdown. Traders should monitor price action closely at the resistance level for confirmation of rejection before entering short positions.
XPTUSD - Testing Key Resistance Level – Potential SellThe XPTUSD pair is currently approaching a key resistance level, a level that has historically acted as a strong supply area.
The recent bullish momentum appears to be slowing as the price approaches this resistance. If a rejection occurs, indicated by bearish candlestick patterns (such as a bearish engulfing or long upper wicks), the price could reverse toward the $956.212 level.
This setup aligns with the idea of trend exhaustion near resistance, creating a potential short opportunity for traders looking to capitalize on a retracement.
Let me know your thoughts on this analysis! Do you see a different outcome, or would you adjust the target? Share your insights in the comments below!
08.01.25 Morning ForecastPairs on Watch -
FX:NZDJPY (Live)
FX:GBPUSD
OANDA:XPTUSD
I will be recording a trade recap video of a UK100 position I took yesterday with the NZDJPY position I also took today this week.
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!