XPTUSD trade ideas
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
PLATINUM - monthly supportPreconditions:
- key level
- buy after break out
- locally uptrend
- global uptrend
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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 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
