Platinum bearish Cannot break the resistance line
Support zone is under 1151.xx
Tight SL will be helpful.
Less risk, more profit
SL: 1217.05
TP: 1162.14
This is for educational analysis, not for a direct trade signal.
PLATINUM trade ideas
Platinum looks wonderful here...Good morning ladies and gentlemen, here is my trade plan for Platinum.
If current projection holds, Platinum could see $1404.
If we break below $1167.72, the projection will be invalidated.
PLATINUM and Commodity DropDXY is rallying very well on its support and will move higher.
This will drive SPY and commodities into the red.
Targeting plat and Silver. Shorting 1205. Max loss is going to be $1245.
I will double down at 1200 and triple at 1190.
DXY is trending upwards.
Target is $1100.
XTPUSD ideaXTPUSD idea
For platinum
Now you can see the formation of the falling wedge (correction structure).
After its completion, I expect continued growth
Bullish opportunity for the metalPrice is consolidating inside a pennant which is bullish continuation pattern. If bulls accumulate enough moment we might see price breaking above the bullish pennant with a potential run up to $1,350
Platinum likely to find buyers near current levelPlatinum has experienced a strong breakout in the first half of February after which it touched a high of $1,337 on 16th February, since then it has experienced a correction and is currently trading near $1,245. Further it is near the 38.2% retracement support of the rally experienced from 28th January to 16th February, suggesting a rebound is likely from current levels. It would be prudent to say that Platinum could rise towards $1,285 and $1,320 while it sustains above $1,200.
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 2.21.21Platinum looks like a SOLID BUY. Plus the premiums is not half bad. at least its not 25 percent like silver. it will hit 2k this year
Platinum will not upset youFundamentals is supportive, i.e. hydrogen.
From a technical POV, the trend line is important.
Above is pretty bullish.
Platinum going to 1500Possibility of a small pull back on the way but expecting to hit 1500 in the next few months.
Platinum - if history tells us anythingLook at the recent 3 $100 +/- drops for the metal. What the market tells us is that each time after these kinds of painful swing the market will follow up with sharp positive correction to the upside.
For now the trend is still up with the 200 EMA below the priceline, I would rather be a believer that history should repeat itself.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Go platinum being bullish for MANY YEARS and now it is finally having its day now. Unfortunately I sold some of the shares to participate in the "silver squeeze" for which I regret so much that I don't have as much Platinum as in 2 weeks ago.
Will gradually buy back my PT shares with market dip or not. Seasonality wise PT will outperform in the next couple of month.
Technically it is very bullish with the price broke out of the super long term trendline resistance. Again it is a super depressed metal and it should be worth many multiples from this level IMO.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Platinum hitting higher in the year of OXRead our recent post here
Actually, even if this year is the year of Mouse, Monkey, etc , it will still goes higher , hahaha. The uprise has nothing to do with the year , I mean according to the Chinese Lunar New Year zodiac sign. If you believe this year your wealth luck is not good because you "clash" with some spirits and thus you avoided buying stocks and bonds, etc, only you will have to bear the consequences of the result. I cannot guarantee you will make a profit this year but like I always say, we must be responsible with our own money. We invest based on what we know and what we don't know, we can spend time to find out more.
But if we choose to believe in these zodiac signs and not invest at all, then it is also good if it makes you at peace. Having wealth and no peace is not good. What's the point if you made a 1000 bucks but keep checking your phone to see the results ? Or you can't sleep at night , turn and toss in the bed ? Is that what you want or would you rather have a good night sleep without the 1000 bucks in your bank account ?
I will be waiting for the pull back to end before adding more to this commodity!
PLATINUMSaturday, 13 February 2021
19:09 PM (WIB)
Platinum still in a bearish retracement on Monday, 15 February 2021 to the support lines, and start rising again.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
