PLATINUM/RAND (XPT/ZAR) 1-HOUR TIMEFRAME SHORTI will be selling the XPT/ZAR if prices breach below the R11 550 price. Currently, prices are moving in a downtrend, g=forming a series of lower highs and lower lows and bear flags. If we see the corrective structure being breached to the downside, we will get our confirmation for a short trade.
Platinum
GOLD 4-HOUR TIMEFRAME SHORTGold continues in it's downtrend, as it currently completes a corrective structure towards the 1290 resistance level. I will be looking to short gold around the 1290 area if price action suggests so. Therefore, be on the lookout for bearish engulfing candles or any type of heavy selling close to the dynamic resistance (trendline). A possible target is the 1270 zone. May the bears be will you!!!
XPTUSD: Sell opportunity on recurring patterns.Platinum is on a strong 1D pull back (RSI = 40.890, MACD = -6.510, Highs/Lows = -5.9250) that is currently consolidating (1H neutral) before the next bearish leg. A similar pattern was identified both on the RSI behavior and on the High - Low measurements. We expect the selling to complete a -11.00% decline and our short TP is 815.00.
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Holding 50ma - Bullish trend - 1p-1.50p target - Golden cross!Golden cross incoming.
Amazing results & increase of revenue.
Outlook very promising
BoD massive skin in the game
Palladium, Platinum & Gold mining operation.
1p-1.5p 1st target (Expect more in time as company ramps production)
50ma holding very well
Just to become... the largest alluvial platinum globally (from RNS)! Nobody says that lightly!
When the indicators align: Potential long-term trend reversal! Hi all,
Heres a video summary...
XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal!
Here are my confluent reasons why...
1. Falling wedge pattern.
2. Bullish divergence on the RSI.
3. Higher lows RSI, lower lows price action.
4. Potential ABCDE count.
5. Price action really stretched away from EMAS. (weak indication)
I believe we are going to get something like this
However, there are multiple pathways it could take...
we have to look on the flip side as well, very possible we break out now and bull off into the sunset
Or we reject the top trend line head to the bottom trend line and continue this strong downtrend.
Either way, Platinum looks juicy and prosperous and I am leaning towards bullish.
Be patient and prepared for anything and let me know your thoughts.
Good luck and happy trading :^)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
PLATINUM (XPT/USD) 4-HOUT TIMEFRAME LONGPlatinum prices are currently moving in an ascending channel on the 4-Hour timeframe, and they arfe currently almost completing a bear flag pattern. We can expect prices to move down and test the support zone at 874.30, and then push higher as they will be upper band of the ascending channel. Possible targets can be the length of the pole of the bear flag pattern.
Conservative traders can enter long positions one the price has broke out of the bull flag pattern, to the upside. This will be good on time but bad on price, as one will enter at a higher price. Risk seekers can enter at the support zone (874.30), and this will be good on price but bad on time. Either way, there is always risk in the financial markets. Safe trading, especially seeing that this is a commodity and the trades are costly.
RISK DISCLAIMER:
This information does not amount to investment advice. There is always risk inherent to trading, so make sure you consult a financial adviser before making any investment decisions. I will not be responsible for any or all of the losses incurred by anyone using this information. Information is provided solely for educational purposes. Do your own analysis and due diligence. Never invest money you are not willing to lose. Before investing any money, make sure your finances are in order and you have enough resources to cater for your daily needs. Trading is a risky business and you may lose part of or all of your capital. Losses may exceed deposits.
Platinum Buy & SellI think platinum has now completed leg C and is on its way up to leg D before sellers come in again. It may extend further down a bit more before going up but i think this is a good level to buy before shorting again.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Platinum: High trending test. Don't miss the opportunityPlatinum is approaching important crossroads on 1M. Trading on a long term 1M Channel Down (RSI = 50.828, MACD = -31.030, Highs/Lows = 27.2071), the very bullish 1W leg is closing in on the Lower High of the 1M Channel Down on overbought 1D action (RSI = 73.845). Technically we should be expecting a rejection towards the 1M Support Zone. But since this Support Zone has been holding since October - December 2008, and only recently tested (August 2018 - Feb 2019) for the second time in 10 years, it is not unreasonable to expect that at some point a strong break out from the bearish trend will happen. So if 940.50 breaks, we will be going long with TP = 1,000.
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