XPTUSD trade ideas
Trade Idea Update: Platinum - Target ReachedTrade Idea Update: Platinum - Target Reached at $1022 today.
A gain of +$47 or 4.8% (ungeared over two sessions).
Original idea attached.
Trade Alert: Buy Platinum (Spot)Platinum (Spot) - For now, the structure appears positive in my view and looks ready for a buy/long.
Current: $975
How I'm seeing it:
- Pending break of 2nd channel resistance
- 14-DAY RSI at 55 (pointing up and room to move higher). Also breaching downward trend line.
- MACD trending toward the zero bound (pending cross, up)
- breaking through the moving averages (8, 21 & 50-EMA)
Price action requirements:
- Must hold $965.
Trading Levels:
Upside Pivot (level to clear and hold) = $978
Stop-loss: $959
Target: $1022
Which way will it take - upstairs?Looking on the last 20 years platinum is on the bottom. Till some weeks it left the downtrend staying above 900.
Risk is 770 if the Dollar is rising.
Triple Bottom Bullish Platinum Platinum to replace Playdium due to much cheaper prices supply is low demand is high very bullish
XPTUSDhi traders: in this morning i shared with you an idea of platinum as bullish based on my strategy and went as i expected.
for risk management i set BE 1:1 and i do every trade
PLATINUM 18th MAY 2022Platinum is in critical area, closer to support but at risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing,
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 still tends to be bullish. bearish may occur if the support area breaks out.
This is my trading plan on XPTUSD, how about you?
COPPER 25th APRIL 2022
$PLATINUM holding key 200wma200 week moving average is providing quite some level of support on platinum. Feels like the metal is building steam for another move higher? While price continuously traded below the declining 200wma in years before, for the first time in years we are seeing price hold up above this important average, while also seeing the 200wma pointing north which is encouraging. The RSI has also made higher lows since bottoming out during the Covid crash and showing us signs that the momentum is still holding up
PLATINUMhi traders: from higher time frame platinum looks bullish and as you see LTF there is small reversal pattern with continuation entry
Platinum Tehnical, Fundamental Analysis
Platinum is the most undervalued metal compared to gold and silver and is certainly a good hedge in inflationary times. I see a great future mainly because platinum will be needed for hydrogen vehicles.
Good entry points: 750 USD (probably in June) , 910 USD
Short term (the end year 2022) price prediction: 1260 - 1350 USD
Long term ( 5years ahead ): 2500 - 3000 USD
Platinum update - 12/05/2022wave ((2)) is in play, expecting wave ((2)) to be end at 795 (0.618 of wave (1) and wave (Y) = 0.786 of wave (W)), critical support at 565.43.
XPTUSDDue to the fact that the trend line hit the bottom trend line and was rejected, the uptrend to the trend line was determined
Platinum - A better deal than it looks?Looking at the price of platinum, it looks kind of overpriced, like many other things. But when adjusted for M2, it's much lower than most things. Seems like a great deal TA wise.
Longer term chart:
10x the price of 1970 = ~1500. This target seems pretty low not to mention we aren't even there yet! But the short term pattern looks like a bit of a topping pattern. Could take a while to setup.
Just something to keep an eye on.
What do you think?
Good luck and don't forget to hedge your bets :)
PLATINUM - LONGPlatinum is approaching a 1.68 ext and a double bottom.
Time to begin looking for a long.....
Triple bottom tells us go long!Strong buy oppertunity! SL below bottom level required (mentioning short positions of major banks). But inflation will guide the price.
Platinum has formed a strong baseAs I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone, and price evolution in the past 24h adds more confidence in this trade.
Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we have a strong bull candle and yesterday we have a Pin Bar that is diverging with Gold evolution (hard drop).
Going further my expectations are strongly bullish and only a drop under support would change my opinion.
Platinum- Good 1:3 R:R tradeAfter rising above 1k in mid-April, Platinum has started to roll back down and has dropped to 900 zone important support (see daily chart).
After reaching this support the price started to consolidate last week and finally has broken up.
Now the price came to confirm this break and is trading in the last resistance now support zone.
I expect a new leg up above 1k and I will remain bullish as long as the price is above daily support
Platinum on supportPlatinum trading on support at 930. I am looking for a bounce of this level.
Trade ideas are my own and not financial advice
Jamie Gun2Head - Buying the Break of PlatinumTrade Idea: Buying Platinum
Reasoning: Retesting key resistance on intraday chart. Looking for a break higher.
Entry Level: 928
Take Profit Level: 961
Stop Loss: 920
Risk/Reward: 4.13R
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Platinum update - 25/4/2022the bounce higher than 975 will let us expect that the bottom is placed and wave ((iii)) in it's early stage.
Platinum (XPT)SetupPlatinum weelky setup (XPT)Setup
Platinum Price XPT/USD rebounds from two-month low to $1,000, Fed, Ukraine in focus
