Plat Plot...Looks like this is lagging gold / silver and will finish correcting a bit later by the looks - expecting prices to go down to our fibs/react on our blue line as a trend reversal point.
XPTUSD trade ideas
platinum idea (31/08/2022)platinum
We expected the metal’s movement to rise over time term because prices are above the second support point 862.79 for the correction before Descending back to lower prices, targeting 752 to end the wave correction in wave ((2)).
Platinum bullish patternAnother highly interesting view of platinum. Here you can see all the more clearly that platinum is taking on bullish patterns.
Thoughts ?
Precious metal super cycle ?Anyone who knows my previous analyzes knows that I like to think about charts in the evening. This precious metal struck me as all the more interesting, and I look at it less often.
When I tried it several times, I actually noticed this interesting pattern. This doesn't have to be so untrue, if the USD is going to be weakened for a long time, why shouldn't we be running into a new super cycle?
Or to put it another way: What can happen that a new super cycle for precious metals/raw materials can arise?
Platinum Analysis & Trade IdeaPlatinum has reached an important poi. Could be poised to take a fall.
It may take some time, as the USD has been weakened by slightly better inflation news, so we'll see.
The D1 momentum is bullish , currently, so waiting for confirmations for sells is the best course of action.
Look for bearish price action at current levels.
Platinum/U.S Dollar idea (25/08/2022)Platinum
We expected the metal's movement over the time term to rise since prices are above the minor 862.79 support point at the bottom of wave 2. we expected to target a price of 972.00 in the time term. But the main support point is at 830.50, which is the bottom of the wave (2).
PLATINUM | Resistance?Thursday, 25 August 2022
13:57 PM (WIB)
I want to analyze the movement of Platinum, regarding it still in the descending box with the lowest price of $731 and the highest price of $952. Now the price moves at the Resistance Lines of this descending box. Actually, the price movement has broken out of this descending box and reached the MA200, and then fall again inside the descending box again. In this situation, Platinum is now at the top of Resistance that possible to create a retracement move. And the price is possible to fall again in the direction of 0.786F or even more low 1F.
But the performance between a descending box with the MACD and Stochastic is still not connected to the strong signal. Keep watch and notes.
Platinum/U.S Dollar idea (17/08/2022)Platinum; We expect a rise in wave (3) over The time term. The Rise depends on the first support point 565.43 The correction may have ended in wave (2) at the second support point 835.50 Therefore, the Rise depends on trading above the support point of 835.50
Jamie Gun2Head Trade - Selling Platinum Trade Idea: Selling Platinum
Reasoning: Bearish outside candle on daily chart, head and shoulders top forming?
Entry Level: 925
Take Profit Level: 887
Stop Loss: 936
Risk/Reward: 3.45:1
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Week 08 | XPTUSD | Long Position | H1 | 02-08-2022Platinum has shown inverse head and shoulder pattern and now its in a bullish trend. We can take long position at this stage as the price is still making higher highs and higher lows.
XPTUSD $XPTUSD Initial LongXPTUSD $XPTUSD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Platinum UpdatePlatinum is about to form a very good daily bullish early pattern. As a result of this, a weekly correction will occur, and if it is extended to an upper time frame, it can go up to a monthly correction. Follow the correction trend line of the daily rising wave. If this first line is broken it will be invalid.
Platinum UpdatePlatinum could be a 4 hour bullish pattern. If so, this would be a very good buy opportunity. And, since the whole wave is a monthly down wave, it is highly likely to fall again after weekly corretion. Depending on the time wave, the weekly correction will take more than 3 weeks, and when the 4 hour wave is broken, the daily correction will occur, and a daily bullish pattern will appear again. The daily bullish pattern completion is around the end of the weekly correction.
Platinum UpdatePlatinum can generate impulses that break the daily downtrend. This impulse will be a weekly correction process that draws a daily correction trend line, after which there is a possibility of another decline.
Platinum UpdatePlatinum is undergoing a monthly downtrend.
Since a weekly correction trend line is needed between the last monthly correction trend line, if it rebounds, it can rise to around the weekly supply zone.
As the Bullish pattern occurred on the 4-hour chart in the lower time frame, the uptrend could continue as long as the correction trend line of the uptrend is not broken.
If the weekly supply zone is reached, the bottom can be updated to draw a monthly correction trend line of the downtrend.
After that, I expect a strong retracement to stop the monthly downtrend.
Platinum (XPT/USD) Going Bullish???Will Palladium Close Bullish This Month (JULY) ?
This Trade Consists Of A Classic AMD Trade And Traditional SnD +A Few ICT Concepts
I'm Framing A Possible Reversal, Since I've Seen The WEEKLY & DAILY Timeframe Have Swept Liquidity Below And Palladium Is Currently Trading In My Premium Zone (Oversold), NOT OVERSOLD AS IN OSCILATOR INDICATION
My Expectations For This Setup
Small Pullback Towards The Optimal Trade Entry Zone , Creating A Second From The 2 Hour Timeframe
Price Filling The Imbalance Below Or Testing A Bullish Orderblock, As Our ENTRY TRIGGER
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710 possible for a week or two. 850 is the range likely for a few weeks with a pulse to 800 range.
Then the price could fall to a cost of production for a few months...maybe even a pulse below that for a few weeks.
Might even stay there long enough to get some physical at decade lows.
Then again who wants dollars? I guess 2.8% interest for a 10y bond with prospects for 7% inflation looks good to some people.
Maples, eagles or plate? what will there be? trading PPLT as a hedge to lock in a price.
PLATINUM 30th JUNE 2022Platinum is in critical area, closer to breakout support, risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing.
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
www.lme.com
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
www.cftc.gov
Due to the uncertainty of these, the price of platinum tends to be bearish.
This is my trading plan on XPTUSD , how about you?
A Hammer is visible on 1Hr Time Frame in XPTUSDA clear hammer pattern is visible on XPDUSD in 1hr time frame. It shows the uptrend in the chart.
Platinum Long position indicated A good buy call for platinum as the metal didn't broke the support area of 900 and if expected to ride up to 940 to 950
