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Platinum

Platinum, interesting descending trianglePlatinum was the king of metals just a few years ago (in terms of price, not at all market cap!) Gold has since then delivered a knockout to platinum and showed once again that gold = the true king. The gold/silver-ratio shows that silver and other alternative metals are outpacing gold in this recent rally and that a shift might be emerging. With all the global economic panic, negative yield-crisis, stock markets being in a parabolic bull run for an overextended period of time now. Precious metals will be more and more interesting to watch everyday. Platinum however has been somewhat shy this rally. Looking at the chart we can see a descending triangle in the making for about 10 years! I know a descending triangle is often a bearish sign.. but.. Looking at the 50 month moving average we can see that the price of platinum is trapped between this ma and the upper trend line of the descending triangle. This makes the change of a break upward very very likely in my opinion. Strategy: I am deversifying my gold holdings (for long term) in silver for a good swing trade on the gold/silver-ratio and i am also taking a close look at platinum. If the 50 month ma is proves itself strong and platinum breaks above 1000 dollars (out of the triangle) then this will be a very interesting trade. If the triangle does not break upward then an opportunity to buy at the base support level of around 800 usd might emerge. Lets see what the market decides to do! I can't wait...
TVC:PLATINUMLong
by Mister_Anderson
Time to Accumulate Gold and Silver Miners on Metals Pullback It is always important to keep one’s mind open and to consider all possibilities. At this point I am expecting a pullback correction in Gold, between $1416 and $1434. If this pullback comes, this will be an opportunity to accumulate undervalued junior miners who will play “catch-up” to the large cap miners. Additionally, with the gold-silver ratio finally breaking lower, silver looks poised to outperform on this next leg up. I am not actively shorting the metals, merely patiently waiting for this opportunity to accumulate even more shares in my list of miners. However, given the current state of affairs around the world, it is entirely possible this pullback never comes and that we move higher from here. I am hedged against that possibility by being presently invested and continuously adding to my investments in junior & small cap miners. In my opinion, if this scenario plays out where gold does not correct first, it will ultimately not be ideal for gold long-term and will likely result in a painful crash in the metals.
FX_IDC:XAUUSD
by Ludwig_Von_Mises
Platinum - Consolidation / Price At Support LevelXPTUSD sitting at support level from recent consolidation. Also, back-testing descending trend-line from previous breakout. Resistance is up near $1960, offering a decent RR setup, depending on where on places their stop. One final consideration.... We're heading into seasonal strength. While there are many fundamental details to consider, I like the odds posted below and I don't mind being a few days early. ;) Platinum Futures Continuous Contract Seasonality Analysis has revealed that with a buy date of October 4 and a sell date of May 23, investors have benefited from a total return of 761.53% over the last 10 years. This scenario has shown positive results in 10 of those periods. www.equityclock.com Lonf from $930
OANDA:XPTUSDLong
by cccpKGB1
XPTUSD 23/09/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :) BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS) - EQH - EQUAL HIGHS / EQL - EQUAL LOWS BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS POINTING FUTURE TARGET BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE - SNIPER ENTRY FOR US BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL) - POTENCIAL SNIPER ENTRIES BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA. If u have any questions feel free to ask:) GOD BLESS U ALL!
OANDA:XPTUSD
by Snipers-Academy
XPTUSD H1 12/09/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. Here u will find a thought process to identify these spots on chart, where SM stuck with their orders. We want to play with SM so, we looking for entries (depending of direction) on HEC in 3 spots: - top of WICK - top/bottom of BODY candle - 50% of BODY candle CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :) BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS) - EQH - EQUAL HIGHS / EQL - EQUAL LOWS BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS POINTING FUTURE TARGET BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE - SNIPER ENTRY FOR US BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL) - POTENCIAL SNIPER ENTRIES BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA. I'm so grateful to all of my Mentor's which I met on my trading journey for this knowledge, and cause of struggling few years to discover how the market really moves i decide to share it for free with all of u. My only goal with it is to Help all of u to have a breakthrough in your Trading Journey and obviously it will impact all your surroundings <- generate more time 4 u, more freedom and this will impact others. If u have any questions feel free to ask:) GOD BLESS U ALL!
OANDA:XPTUSDLong
by IMLimitless8
1
Platinum (XPTUSD): Lower Buy Opportunity.XPTUSD has been on a very strong rise in late August almost hitting the 1,020 - 1,045 1M Resistance Zone. Despite trading on bullish 1W technical values (RSI = 64.131, MACD = 26.660, Highs/Lows = 45.6178), the volatility itself is high enough (ATR = 41.0321) to justify a pull back to the 1D Support (890). This is where we expect Platinum to seek buyers as long as the 1W MA50 (blue line) provides support. Once this pull back is completed we will aim again for the 1,020 - 1,045 Resistance Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPTUSDShort
by InvestingScope
Platinum: Slower but Set to Break Records like Gold/SilverAnyone who has followed my many Gold and Silver ideas knows I am extremely bullish on Gold and Silver for the next 5 years. While Gold began first, Silver has recently broken out as well. Consequently, I see Platinum on the verge of a major break-out as well now that the precious metal has broken 900. A 900 broken level in Platinum is the equivalent of 1350 and 16 for Gold and Silver respectively. Platinum is a good alternative to ironically hedge Gold and Silver. Why? Typically Gold and Silver move together; while Silver typically has more violent upside and downside movements, Platinum can move up and down irrespective to what Gold and Silver do. While I believe Gold will tie its record by Q1 2020 and Silver likely sometime in late 2020 to early 2021, I suspect Platinum will make its own record high but not until very late 2021 or sometime in 2022. Having said that, I believe a near-term target by early 2020 is 1200 for Platinum. While Platinum may have a slower overall movement to the upside, I see very little corrections for Platinum until it reaches at-least 1200. In essence, when Gold ties its ATHs, I see Silver doing the same 6-8 months afterwards, with Platinum doing the same but again, 6-8 months after Silver. Now is the perfect time to enter early for Platinum as there is a ton of potential upside. - zSplit
TVC:PLATINUM
by PaulDeep19131
4
Platinum- The rocket you wish you hopped on. After slicing the charts 100x different ways I am extremely bullish. Some of these targets are far out of reality, and don't make sense. By 2025 it will. But for the time being the gains shown are just approximations of where price will be somewhere in time. I did not incorporate how long it would take to get there. This is by no means financial advice, just some thoughts on a PRECIOUS metal thats a SAFE HAVEN, called PRECIOUS METAL, and they are PRECIOUS. For oh SO many reasons.
NYMEX:PL1!Long
by SKYLOBSTER