XPTUSD | Cup & HandlePlease support this idea with LIKE if you find it useful.
Price formed a Cup & Handle. Moreover price already broke the Horizontal Resistance and confirmed the pattern. So we can initiate a long position with stop-loss below the Horizontal Resistance
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XPTUSDG trade ideas
PLAATINUM technicaly based forecast
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💡 PLATINUM technicaly based idea, technicaly indicators showing we can expect higher push up in price, expecting to see push in price till FIBO 0.6.
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Platinum Breakout & Palladium Blow-off TopPlatinum at current levels presents tremendous value. The precious metals take turns outperforming and underperforming. In the late 90s palladium went into a bubble while gold, silver, and platinum bottomed out. Then throughout the 00's palladium moved sideways while platinum, silver, and gold all outperformed.
I believe we are nearing a similar setup where US stocks will enter a blow off top and palladium will follow. Following this blow-off top platinum and silver will begin to drastically outperform.
Additionally, the more expensive palladium gets, the more likely industry will find ways to substitute towards platinum. This is especially the case since most of palladium demand comes from China.
Be keeping an eye on these metals, along with gold and silver.
XPTUSD: Time ripe for a BULLISH reversal?The week opens with a strong Bearish move that set the low of the week. It thereby pull back and slowly make an assault for the week low again. But it never really come close to doing so. Late Thu, I notice sign of strength in a H4 bar. True enough, next day(Fri), price starts to trend higher and form value at the higher range of the day. On daily, you can see that as the price gets lower, volume also gets lower. This is an indication that the Bears interest has diminished. Fri Bullish close shows the indication of the Bulls to take control. I will be looking to go LONG on this pair with SL below Thu low and targeting the high of last week.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
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PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
Platinum Long in viewPlatinum has been on a very long bearish correction since its last bullish move. Now we are back to where it all started. Expect a sharp bullish move away from the current low then wait for a correction that will signal that the bulls have taken over the market then trade with appropriate risk management.
XPTUSDBuying platinum in the long term looks very promising. The cost of platinum production is above $ 800. Platinum is a substitute for palladium in industry, the price of which is very high. It is also a precious metal. By the middle or end of the year, platinum should definitely begin to rise in price. After 1-2 years, we can see the price in the region of $ 1,500.