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Platinum (XPTUSD)

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PLATINUM trade ideas

PLATINUM HARMONICSI posted an earlier chart on platinum- disregard that... I realize Platinum has a bit more cook off to do before it sees a rise. But its still good news in the long term for this precious metal. As price dwindles down it will complete a bullish butterfly and have a big jump to continue the BULLISH GARTLEY (yellow). Right now we are forming what appears to be a bearish crab (you cant see it well)- due to the scaling of this chart- 4 months. But its this formation I feel will bring pricing down. But once this has completed your looking at a very Powerful move to the upside. If you know about Gartley's you know... This will take time- again another 4 month Chart, but you can see very clearly the Harmonics formed over what has been over 20 yrs! I understand trading View has not provided us the historicals for this asset (obviously)... but any historic platinum chart you will see the nearest bottom was around 1977 and it has gone up ever since 2008- and we are now in the down wave. I have attempted to extrapolate the timing on this chart. Check out my Silver Harmonics Patterns for quicker profits. Physical Silver has vanished on the market! Something is brewing! **CHEERS*
TVC:PLATINUM
by Moorsc0de
XPTUSD Detailed Analysis - Long SetupYellow zones- critical zones based on the monthly time frame Red zones- critical zones based on the daily time frame Blue zones – critical zones based on the 4h time frame According to the latest COT Report Platinum may be going for some bearish momentum, due to the increase of short contracts. Historically looking, the COT contract size area that we are in, has high chances to reverse towards higher quantities of long contracts. From a monthly perspective XTPUSD has been in a closed triangle structure since 2008 and we can finally see its end. But before that another touch towards its upper-trendline must happen. The monthly critical plays the role of the bottom part of this closed triangle. On the monthly time frame, February reached new unnatural lows which got rejected strongly and the price returned once again to the monthly critical zone. Since the end of May, XPTUSD is in a range that formed a wide-angle formation. A critical moment of this scenario will be the 800.000 level. We need to see a strong rejection there. A good entry point will be the correction from the daily critical area towards the 4h critical one. A second critical point is the daily critical area around the 860.00 mark. It can be viewed not only as a support/resistance zone, but it also aligns perfectly with the 0.618 Fibonacci retracement from the price drop in March. Our target will be the psychological 1000.000 mark. This needs to happen in order to reach the equilibrium price of this pair. If the crisis deepens the usage of Platinum will likely jump and logically its price as well. It is used in many industries that will stay unaffected from a future crisis. If you liked my analysis or you want to continue the discussion- feel free to leave a like and a comment. Thank you! Happy trading!
OANDA:XPTUSDLong
by SigmaTrading
XPT/USD 7/8/2020Welcome to this analysis of XPT/USD. Platinum has been in an uptrend since the capitulation low on the 19th of March. Price rallied from 565$ to 860$ but on 21st of May but it faced some resistance there and went sideways for over a month. Looking at the consolidation it looks like the price has made a falling channel Bull flag that got activated yesterday by a break and close above 837$. The target of the Bull flag is around 975$ as long as it stays above 800$. There are a few levels of resistance between the current price and the target, which are the previous high at 861$, followed by an order block around 910$ which is an equilibrium of a range as well and the 954$ level. This trade idea has almost 4 rewards to risk ratio. Good luck trading.
OANDA:XPTUSDLong
by Trader_Shayan
4
PLATINUM Long term buy Hi everyone: XPTUSD long term analysis and approach. We see price had a massive dropped from mid February, and have since made several bull run to recover much of the price. The current price action is showing a larger continuation structure, indicating more bull momentum could come in once the correction finishes. I would go down to the lower time frame to look for breakouts and continuation structures to go long. This could be a long term buy to the top of the higher time frame structure, and we can monitor to see further upside. Traders, if you like my analysis, please like, follow, and comment. I welcome all kinds of feedback, suggestions and opinions, thank you.
OANDA:XPTUSDLong
by jojofang0901
There is possibility for the beginning of an up trend in XPTUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Platinum/ USDollar is in a range bound and the beginning of uptrend is expected. . The ascending flag taking shape suggests we will soon see another leg higher. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 50. Take Profits: TP1= @ 837.90 TP2= @ 863.15 TP3= @ 894.75 TP4= @ 957.25 TP5= @ 1029.55 TP6= @ 1089.20 TP7= @ 1194.50 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:XPTUSDLong
by ForecastCity
12
There is possibility for the beginning of an up trend in XPTUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Platinum/USDollar is in a range bound and the beginning of uptrend is expected. . The ascending flag taking shape suggests we will soon see another leg higher. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 50. Take Profits: TP1= @ 837.90 TP2= @ 863.15 TP3= @ 894.75 TP4= @ 957.25 TP5= @ 1029.55 TP6= @ 1089.20 TP7= @ 1194.50 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:XPTUSDLong
by ForecastCity
30
#Observation - Platinum longer term chart looking positiveAs per observations on the chart, the Spot price of Platinum does not look bad at all and seems to be setting up to break the bear market that we have witnessed over the last decade. Still lots of work to do, but early signs are there as per the chart. Above $1000 and we could then argue that the bull market in platinum has once again began.. The South African Platinum shares have traded extremely positive during this pandemic and could well be giving us an indication that the spot price eventually follows higher..
TVC:PLATINUM
by MarcoOlevano
1