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Platinum / U.S. DollarPlatinum / U.S. DollarPlatinum / U.S. Dollar

Platinum / U.S. Dollar

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XPTUSD trade ideas

Platinum In a Bearish BAT PatternPlatinum In a Bearish BAT Pattern The price completed a big bearish BAT Pattern signaling a bigger correlation during the coming days. The Bat pattern is a harmonic pattern which indicates the possibility for a correction after the bullish trend. The first support zone is found near 1006 and the second zone near 940 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CAPITALCOM:PLATINUMShort
by KlejdiCuni
1
PLATINUM Massive profit last time. What's the next trade?Straight and plain success of our previous Platinum (XPTUSD) signal (April 24, see chart below), where we caught the exact Bullish Megaphone bottom and hit directly our 1060 Target: The price could now enter a consolidation phase, the last accumulation, similar to November 15 - December 15 2022, when after it touched the 1D MA50 (blue trend-line), it rallied to the bottom of the Resistance Zone. As a result, we are turning into buyers again, targeting 1100 (just below the Resistance Zone). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot
Platinum Approaching Key SupportVersus the US dollar, Platinum is inching closer to a notable area of support after refreshing year-to-date highs of $1,095 last week. Having seen price action pencil in a clear uptrend since February this year, a test of support between $987 and $1,002 could have dip-buyers make a show. The support area consists of two horizontal support levels around $990, one of which represents a failed Quasimodo resistance (turned possible support), a descending support line, extended from the high of $1,013, a 38.2% Fibonacci retracement ratio and a 50.0% retracement ratio at $997 as well as a 100% projection ratio coming in from $987.
TVC:PLATINUMLong
by FPMarkets
PLAT/GOLD ratio: why my stockpick number 4 will start to fly !!Platinum is usually 1 to 2 times more expensiv than Gold historically (between 1.17 and 2.37 times from 1998 until 2008). After the Great Financial Crisis things went out of wack ! The ratio fell inside a bullish descending wedge until it touched its low point around 0.39 ! At the peak of the Corona Crisis you could buy 2.5 ounces of Platinum with 1 ounce of Gold ! This undervaluation is of factor 3 compared with its average. This means Platinum could very well outperform Gold by 3 times in the future. Intresting is that price formed a double bottom with its recent March low and that a bullish divergeance formed between the March 2020 and March 2024 low. Whereas the March 2020 low was a FALSE breakout of the wedge. The March 2024 is a REAL backtest of the apex of the bullish wedge. The future price movement of the ratio, and especially the price movement of the PLG (Platinum Group Metals - stock pick number 4/10) should be dramatic !!
TVC:PLATINUMLong
by Dangermousebanana
7
Extension of bull market trend in metalsDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas
OANDA:XPTUSDLong
by mehdi47abbasi79
4
Platinum's Seasonal Bearish Trend: Insights and StrategiesPlatinum is entering a seasonal period typically characterized by bearish sentiment, as observed consistently over the past 15 years during this time of year. This historical pattern suggests a tendency for the metal's price to decline during this period. From a technical analysis standpoint, the price is currently retesting the supply area, which coincides with significant resistance levels. This area also aligns with the 78% and 88.6% Fibonacci retracement levels, adding further weight to the resistance. Additionally, there is a notable RSI divergence, indicating a potential reversal or continuation of the bearish trend. Given these factors, we are considering a bearish setup for Platinum, leveraging the historical seasonality strategy. This approach aims to capitalize on the anticipated downward movement based on both technical indicators and long-term seasonal trends. By combining these insights, we aim to make informed trading decisions that align with the historical performance and current market signals.
ACTIVTRADES:PLATINUMShort
by FOREXN1
PLATINUM - Close To Breakout 🧐This chart could easily be overlooked as noise with not much coherent but with simple use of the Supply Line we can see that many breakaway shakeouts (arrows) have already happened. And now much further down the line with liquidity behind it depleted; there is much more chance that there will be a real breakout. Also notice by using a lower trendline the price is close to an apex. This also increases the odds of a full breakout. This is great for " XYZ" " (client only) as both " X " and Platinum are looking bullish and it is still a deep value buy right now; could be a pump coming soon. Its become a great moment for metals and related stocks 👍.
TVC:PLATINUMLong
by dRends35
4
Lord MEDZ's Trading Blog: The Future of PlatinumDear GreatSouls, Welcome back to another insightful analysis with me, Lord MEDZ. Today, we're diving into the world of Platinum—a precious metal that's often overshadowed by gold and silver but holds significant potential in the trading and investment landscape. In this blog post, I'll share my views on what could be in store for Platinum over the next few years. Current Market Overview As of mid-2024, Platinum has experienced notable volatility, influenced by factors such as industrial demand, geopolitical tensions, and shifts in global economic policies. Unlike gold, which is primarily seen as a safe-haven asset, Platinum has a dual role as both an investment asset and an industrial metal. This unique position means its price movements are influenced by a combination of economic growth prospects and market sentiment towards precious metals. Key Factors Influencing Platinum Prices Industrial Demand: Platinum's primary use is in the automotive industry, specifically in catalytic converters for vehicles. With the global push towards greener technologies and electric vehicles (EVs), there's a common misconception that Platinum demand might wane. However, the reality is more nuanced. While EVs don't use catalytic converters, the demand for fuel cell vehicles (which use more Platinum) is expected to rise. Additionally, the hydrogen economy is emerging as a significant driver for Platinum demand due to its use in hydrogen fuel cells. Supply Constraints: South Africa and Russia are the two largest producers of Platinum. Any geopolitical instability or mining disruptions in these regions can significantly impact supply, leading to price spikes. Additionally, the challenges faced by the mining sector, including labor strikes and regulatory changes, play a crucial role in influencing Platinum's availability and price. Economic Factors: As a precious metal, Platinum is also seen as a hedge against inflation and economic uncertainty. Central bank policies, interest rates, and global economic health are all factors that can drive investment demand for Platinum. Technological Advances: Innovations in industrial applications, such as advancements in medical technologies and renewable energy solutions, are creating new demand avenues for Platinum. As these technologies become more mainstream, the demand for Platinum is likely to increase. Forecast for the Coming Years Short-Term Outlook (1-2 years) In the short term, I expect Platinum to experience moderate price growth, driven by steady industrial demand and potential supply disruptions. The ongoing transition to greener technologies and the push for sustainability will continue to support Platinum prices. However, market volatility remains a risk due to geopolitical factors and economic uncertainties. Medium-Term Outlook (3-5 years) Looking further ahead, the medium-term prospects for Platinum appear more promising. The global shift towards a hydrogen economy is expected to gain momentum, significantly boosting Platinum demand. Moreover, technological advancements in various industries will create additional demand pressures. Platinum's price could see substantial appreciation as these factors converge. Investment in Platinum might become more attractive compared to gold and silver, particularly for those looking to diversify their portfolios with metals that have robust industrial applications. Long-Term Outlook (5+ years) In the long term, the potential for Platinum is vast. As the world increasingly embraces sustainable energy solutions, the demand for Platinum in fuel cells and other green technologies is set to soar. Additionally, ongoing supply constraints and the challenges of expanding mining operations will likely keep prices elevated. Investors who are patient and strategic could see significant returns as Platinum becomes a cornerstone of the new energy paradigm. Conclusion Platinum is positioned uniquely at the crossroads of industrial demand and precious metal investment. Its future is closely tied to technological advancements and the global shift towards sustainability. For traders and investors, keeping a close eye on developments in these areas is crucial. I appreciate your feedback on this analysis. Your insights and discussions help us all become better informed and more strategic in our trading endeavors. Until next time, keep safe and happy trading! Warm regards, Lord MEDZ
FX_IDC:XPTUSDLong
by Skinwah
After the gold rush, it's time for the platinum fury!Platinum is following a ~1111 Days time cycle, roughly ~160 weeks, and it recently formed a bottom near ~$840 in October 2023 After correcting for ~13 years from 2007 to 2020, platinum finally intiated a new impulse wave in 2020, however, this impulse wave was short-lived and soon came to an end. Now, platinum is completed its 2nd wave and is ready for its 3rd wave which often turns out to be the fastest and largest of the 5 elliot waves! Here's the trade Buy @ CMP (~$1070) Stoploss @ 900 Target @ $1500
TVC:PLATINUMLong
by aryan_chandel_brine
2
PLATINUM XPTUSD Bearish Robbery Plan to make money 🤑💰Hola Platinum Robbers, This is our master plan to Heist Bearish side of PLATINUM XPTUSD market. kindly please follow the plan i have mentioned in the chart focus on Short entry, New entry traders pls enter only in pullback of smaller timeframe then enter to rob the money. Our target is Green Zone that is High risk Dangerous area Consolidation will happen. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
OANDA:XPTUSDShort
by Thief_Trader
More downside for XPTUSD (Platinum)XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end. Technical : The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are happening while we are nearing the bottom Trendline, making a breakdown higher probability. Target a 1-1.5% move down from your entry/break
EIGHTCAP:XPTUSDShort
by Iateyourcroissant