Platinum futures just successfully tested a 33 year old support/resistance level at $650-$800. Price is moving hard now (allegedly on China stimulus news) and a challenge of the ~$1,200 area in the next weeks to months looks highly plausible. Entering a long now isn't optimal, but a pullback towards or below $800 is much better.
Trade active
No chance for a pullback here. Platinum has been tearing higher. Daily, weekly and even monthly timeframes sending overbought signals at the moment. $1000-1050 should provide some resistance and a possible pullback for a better entry. The FOMC meets on Sept 17-18 and this price action could be in anticipation of more rate cuts. Any sort of "sell the news" dip is likely a buying opportunity as the world's central bankers aren't in a position to raise rates anytime soon. Trade active
Platinum futures tapped $1000 and now we're getting that pullback. Multi decade support at 650-850. 750-850 is the more recent buy zone. Note
Here's a closer look at the weekly. No need to rush in. This needs some correction and weekly momentum is just rolling over now. 750-850 is the optimal spot in my view. Trade active
Nice move in platinum right off the 750-850 zone. This is a long, but rewarding trade. Let's see if we can test that downtrend. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.