Platinum (XPTUSD) has been trading within a 1-year Channel Up pattern and on August 05 it priced the latest Higher Low on the pattern's bottom. Having already recovered the 1D MA50 (blue trend-line), we have a confirmed signal of the start of the new Bullish Leg. The last two major rallies rose by at least +20.86% and as such, our long-term Target is...
Palladium has recently experienced a significant rebound at a key demand area around $913, which could mark the beginning of a potential reversal. This price level has historically served as strong support, and its recent behavior suggests a shift in market sentiment. In addition to this technical observation, our analysis of the Commitment of Traders (COT)...
Have you been following my research on GOLD? This next move will likely be a very strong Ripper-Rally where Gold will break through the dual Flag Apex and move dramatically higher over the next 5-10+ days. I will let this video tell you all you need to know. Remember, watch my Gold Dual-Leg Rally video too. I wonder what the "driver" of this rally in Gold will...
Our April 24 analysis (see chart below) on Platinum (XPTUSD) saw us struck Gold as we caught the exact Bullish Megaphone bottom which hit our 1060 Target: The situation isn't all that different now as Platinum got close to those April levels, with last week's Low marginally breaking below the 1W MA50 (blue trend-line), managing however to close the candle...
Are you following my videos/research? If not, pay attention. Gold and Silver will start to build momentum over the next few weeks - eventually moving 5 to 12% higher before mid-September. This is a huge move for metals and will prompt Gold to attempt a rally toward $2750 while Silver attempts to rally above $32 - possibly targeting $34. The dynamics of the...
Platinum has reached our beige Target Zone between $995.40 and $1026. Within this range, the price should place the high of beige wave (4) and enter a larger sell-off. If, on the other hand, there is a direct break of the resistance at $1105 (28% likely), we will still see the price in the green wave alt.X.
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...
The recent movement in Platinum futures has seen a notable retest of the upper boundary of the range, coinciding with a resistance zone commonly referred to as "Supply." Our analytical approach begins at this critical juncture, where we factor in various elements, including the seasonal behavior observed in this precious metal over the past decade and a half. A...
Platinum (XPTUSD) gave us an excellent bottom buy signal last time (March 13, see chart below), as the metal entered a Channel Up pattern following the bottom just below 880.00: Currently we are on the 2nd Bearish Leg of the Bullish Megaphone pattern that emerged and will complete a Golden Cross on the 1D time-frame today. As per the December 02 2023 Golden...
reason: market structure fair value gaps break of structure
Platinum (XPTUSD) is going quite well since our October 25 buy call (see chart below) as we caught the bottom and the price is now rebounding: The long term pattern is a Channel Up. At the moment the price is supported by the 1D MA50 (blue trend-line) buy restrained below the 1D MA200 (orange trend-line) where it got rejected on November 28. Even though the...
The platinum price is currently in the final phase of its blue wave (ii). It has not yet been able to overcome the resistance at $947.10 and has bounced off it. In the further course, however, this should be left behind as we do not expect the end of the movement until the blue Target Zone between $966.60 and $992.20. From here, a descent should then begin and the...
Platinum (XPTUSD) is testing (and so far failing to break) the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of the long-term Channel Up structure. A break above the 1D MA50 but mostly the Lower Highs trend-line, would confirm the bullish bias on such a low price action, with considerable upside potential. As you can see the...
Hello There! Welcome to my new analysis about PLATINUM FUTURES on the global timeframe perspective. The precious metals market is moving into a decisive momentum within the recent times as developments within the financial markets point to a continuation of exceptionally high interest rates within vast majorities of economies and a continuation of hawkish...
Platinum (XPTUSD) is trading around the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of a potential long-term Channel Up structure. This is the 2nd time it bounces off the Higher Lows and the 4th within the 7-month Support Zone. The 1D MACD made a Bullish Cross last week and is on Higher Lows since June 30. The very same Triple...
Platinum (XPTUSD) is rebounding after entering the S1 Zone, which is the bottom part of the Rectangle pattern that has been keeping the price action sideways for the past three months. The 1D technical outlook is neutral (RSI = 45.406, MACD = -7.150, ADX = 37.615) as a result, which justifies this ranged price action. The 1D RSI is rising on a HL trendline, thus...
Platinum is on its way downwards to develop wave Y in light green and still has got room to expand. Indeed, there is a 30% chance that the price could even drop into the green zone between $758 and $659, establishing the low of wave Alt.Y in light green instead. Primarily, though, we expect platinum to turn upwards before reaching the green zone.
Title: Platinum Futures ( PL1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1068.8 Pivot: 1022.0 Support: 971.4 Preferred case: Looking at the H4 chart, my overall bias for PL1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Expecting price to retest the pivot at 1022.0, where the overlap...