PLATINUM trade ideas
PLATINUM2 POSSIBILITIES HETRE IMHO. Either we drop to $1000 which is very little chance or we bounce back $1300-$1400 resistance zone. Global deficit production most likely push the price higher.
Platinum long setup. Based on trend lines and support alone Platinum looks bullish. However, there is a triangle/ pennant forming therefore need to test if the bottom support holding up (or check if it forms a descending triangle ).
Most likely it will retest the previous high, fall back. If trendline support holds up, it should nicely go up.
This is just a trading idea, not a piece of advice. Do your own research before investing.
Platinum - will rise If gold goes up.
I think platinum will rise as well.
What do you think?
Here's the analysis on gold.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XPTUSD/XAUUSD rather late, but not done yet XPTUSD/XAUUSD
as platinum gets set for (1192-1194) double bottom, the price of gold has stalled in the (1729-1734) double top range
both pairs have recently caught a support 5 buy but I do believe platinum has more room to go^ platinum is the metal of the future
Platinum at resistance Platinum is currently facing resistance near the 20-day SMA as evident from the 3 consecutive doji formations; further on 11th March it ended in a “Gravestone” doji formation signifying sellers at higher levels. RSI has also flattened supporting the above observation and indicating that the uptrend is losing steam. It would be prudent to say that Platinum could decline towards $1,180 and $1,150 while it sustains bellow $1,230.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
XPTUSD Platinum Short TradeA bearish rejection pin bar formed on the daily chart on resistance. I am shorting and targeting previous Daily support.
Platinum going under the radar yet again Gold and silver have been the focus in the precious metals space but platinum just bounced off of 55DMA and broke out of a bull flag. The percentage gain these last few days has easily outstripped gold and silver. Depending on how conservative you are, we could land at 1400, 1650 or anywhere in between. 1400, 1500 and 1675 have all been significant areas of resistance in the past. It's worth noting the last conservative fib extension was 1250 and we overshot by quite a bit. After years of being unloved and undervalued, the technical set up is great and the fundamental case is also gathering strength with green tech, palladium substitution etc. I don't have a long term target but I've seen 2200 thrown around.
Platinum very bullishI bought on the small fibs on the left, I think we will make another high again.
I currently have a knockout option.
I currently recommend a 15x factor certificate.
PLATINUM continue the buys
Hello traders:
Looking at XPT for long term continuation buys.
We see price has already reverse up impulsively from the previous bearish move down due Covid.
Latest price has already broke above the previous swing highs impulsively, good signs for further bullish momentum.
Wait for LTF continuation correction to form nd complete and look for the buys
Thank you
Platinum looks like its poised for the next leg upwardsThe signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so.
Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the platinum price has a spike upwards, the share price of a company like Anglo American Plat Ltd could continue to see higher re-ratings in the share price.
Lets see what happens...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Platinum taking a breather, perfect backtest of breakoutPlatinum has retraced some of its gains but now is setting up for a breakout above its multiyear resistance.
This should open the window for 1400, and eventually 1800 in the near future.
XPTUSD Buy on H4
H4
- Structure: Uptrend
- Tendency: rising
-=> BUY Limit
-trade enter: 1088.905
PLAN:
As picture
God bless you
Platinum: Long-Term Breakout & SCOTCHstocks TargetTVC:PLATINUM long-term breakout has begun. A monthly close above would confirm our SCOTCHstocks target range of $2500-$3000. Don't miss it!
Everything shared here is my own opinion and no results are guaranteed. Good luck!
Platinum – Buy on declinesPlatinum has been trading in a higher top higher bottom formation on the daily as well as the weekly charts suggesting the trend to be bullish in the near and the medium term. Further it also stands at the 61.8% Fibonacci support of the rise experienced since 28th January to 16th February indicating that a near term bottom could be formed near current levels. It is likely that Platinum could rise towards $1,200 and $1,235 while it sustains above $1,125.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Platinum 2021 is the year for platinum
Make sure 1090 is strong support platinum looks bullish advice buy at any dips or current rate with respect of capital and leverage
Target intact 1500-1700-1900
for long term investment
Thanks and Regards
