Platinum hits upper resistance band - Retrace possible Platinum has hit the upper resistance band and could see a retrace here. Afterwards, breaking this resistance would enable much higher prices to come.
Platinum
PLATINUM - Our 4 take profit levelsOur chart with 4 take profit levels, based on our fundamental and techical prognosis
Platinum - FXPROFESSOR 101 ↗️Hi boys and girls,
ladies and gentlemen,
traders and gamblers,
investors and speculators of the world 🌐
This is my first post for a traditional asset in 2021 so let's make it a GREAT one
In this simple video I explain why Platinum is a good buy, still at a great time to buy.
Keep in touch for more, share your love, click on the like button and leave a comment.
ps. Friday is a HUGE day, feel free to contact me for info
Sprott Inc.stochRSI bottom - rsi sitting at below 40 in a macro uptrend , within uptrend channel , usually when RSI is 50-60 range on an uptrend it is considered oversold , possibility of posting higher low - risk of hitting bottom of parabola but holding at the .23 - interesting scenarios from this price level - but fundamentals are strong with this, posting gains , larger AUM and dividend increase - most likely will sustain uptrend with the metals asset class as supply and demand has greatly hindered the market especially in metals that are in severe supply shortages
Platin with new 5 year high!Retest of 1060 today and immediately the run in the other direction. Intraday a new 5 year high. If it spikes through, the way to 1200 is open.
Short term correction for Platinum?
4 hour chart with CMF bearish divergence..watching this closely.
mid to long term very bullish.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Possible rising wedge for Platinumrising wedge forming, price target of 1081 which is the previous swing high. At that PT point there should be people taking profit.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
one possible price action scenario for Platinum
possible price action scenario short term:
rising bearish wedge if played out would bring down the price back to the larger Bull flag channel lower line. Then price to resume upward swing
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Platinum future 65 min possible negative StochastiRSIdivergence SWOT
S:
1. seasonality wise Dec and Jan strong.
2. The week after Christmas typically is strong for stocks and even first week of the new year.
3. possible inventory shortage for the metal
4. bullish setup for intermediate time span (Daily, 3 day, etc.)
5. very undervalued based on historical price and especially given the devalued dollar and near 0 (or negative) interest rate.
6. just had a huge 10% correction on last Sunday night and not likely to have another one soon.
W:
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O:
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T:
near term negative chart divergence
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Bear flag within a Bull Flagin the 8 hour and bigger time frame a Bull flag is forming.. However, with the lower time frame such as 4 hour there is a possible bear flag. So watch very closely the price action here, very interesting.
Keep in mind that Seasonality wise the Platinum is very bullish in December and January for the past 5 years.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Platinum hidden divergence on 8 hour and 2 Day chartsThis hidden divergence would normally mean the up trend continuation...would need some confirmation.
I am taking an aggressive position here and will observe a tight stop.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
The Platinum bull market has begun...REPOSTApologies, the previous idea came out weird.
As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
The Platinum bull market has begun.As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
PlatinumWednesday, 16 December 2020
17:39 PM (WIB)
Platinum is breaking out the historical descending downtrend lines
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
CME NYMEX:PL Platinum prices forecast, Buy, Target 1504Platinum Futures (CME NYMEX: PL, USD/ozt)
Trade : Buy Dip
Entry : 930
Target : 1504 (574, +61.72%)
Stop : 850 (-80, -8.6%)
Posted on Saturday, Dec 12, 2020 (EST)
Note : Even though, it seems to be meaningful in the movement of platinum price. It's as if someone, a very powerful, is controlling the prices. The resistances would be 1150, 1505 and 1750. The support could be 867. When the prices drop below 950, it would be better to find opportunities to buy. From a long-term perspective, it would be better to do buy-trading than sell-trading.
PLG before 93% increase.PLG before 93% increase. Shares of Platinum Group Metals showed an unusually high volume during the trading after hours (AH) period on Friday. This could be a sign of a further rise. It can be seen from my analysis that the motion of PLG is a fractal motion. size of the first fractal 1: 1 mapping. Since you are copying exactly so far, I have reason to assume that copying can continue exactly. What it means ? That Friday night’s AH motion is not a random motion, but the beginning of a rising wave sequence. If we look at the analysis, we can see that we expect a 93% increase from the current level in a copy. Target price 4.10usd.
Platinum- 1200 on medium term?November was quite a month for Platinum with the price rising 30%, but most importantly with a significant break above 1000 psychological and technical resistance, a resistance that held since 1017.
At this point, the price is in a normal and necessary correction, and confirmation of 1k as new support would bring bulls into the market and the price can rise to the next important zone at 1200.
Buying at 1010-1020 zone could be a great trade for the medium-term and only a drop under 950 would change this bullish outlook
Platinum Sunday, 6 December 2020
07:31 AM (WIB)
Platinum is on the rising wedge formation. It seems not completed yet, but need correction move after racing high.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Platinum Playing Catch Up?Looking at the Platinum monthly chart, we see a very large pattern has formed. This is a long term analysis, but judging from the current economic conditions and the fact that the FED will continue to print money and devalue fiat currency, the metals market will likely see slow steady growth over the next few years. Platinum is looking very strong, a break of the downtrend could trigger a large thrust up and be the start of the platinum bull market. Fingers crossed, happy trading to you all.
Stay calm, patient, and level headed.
Platinum Flying To The Cloud Friday, 4 December 2020
20:24 PM (WIB)
What could give a profitable return on ROI besides Gold and Crude Oil is Platinum. Once we hit the target without losing our funds, we could achieve a huge profit on these market. Now, Platinum is on the way to the sky, but it seems to need a retracement move first that might be landing at 1000 areas. A very strong upraising movement we can see at the base ground support and rising wedge formation at the highest high. I will use a very safe order on Platinum with 10% of my funds, with a loss stop at $300.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PlatinumFriday, 4 December 2020
07:40 AM (WIB)
The most compelling reason to invest in platinum is diversification. Most investment portfolios have an extreme concentration in stocks and bonds, and commodities provide a way to mitigate some of this risk. Platinum also offers traders a way to profit from growth in the automotive industry and the industrial sector in general. Emerging economies will continue to expand, and as they do so, their citizens will consume more manufactured goods. Investing in platinum allows traders to capitalize on this trend without having to invest in local emerging country stock markets. Investing in platinum allows traders to profit from a weak dollar as well as strength in consumer spending. Growth in large industrial economies such as the United States has often occurred at the expense of a strong currency. In fact, US policymakers have kept interest rates low to stimulate consumer borrowing and grow exports.
Investing in platinum, however, does have its risks:
1. A slowdown in the auto sector or a global recession would almost certainly depress prices.
2. The development of new automotive emissions-reducing technology could also sink prices.
3. Significant Fed tightening and strength in the US dollar may lead to weaker platinum prices and weaker commodities in general.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
PLATINUM Strong resistance levelIt's so close to the very strong resistance level. This is the 6th attempt for the last 6 years. Psychologically I'm for the long position, but of course only after breaking this resistance level.
