Platinum Gold Ratio suggests Platinum outperformance. That doesnt mean that gold wont go up - just that platinum will go up more.
Platinum is in for a treat. Having retraced its breakout, it has clear skies ahead. Next volume defined target is $1450 by October 2021!
Platinum has hit the upper resistance band and could see a retrace here. Afterwards, breaking this resistance would enable much higher prices to come.
Weekly Chart: FED and all global countries printing fresh money for more Gold, silver, Platin and bitcoin
As usual the chart tells the story. In 2016 we had a 5 wave impulsive move higher from a multiyear low @ 810$. Signalling that this low is important and solid for now. Since august platin prices have been in a 5 wave downmove the lows of wave 5 touched 890$. It then took the market 2 months to form a decent bottom around the 900$ handle. Now in the recent days...