XPT/USD BUY OPPORTUNITY (MONTHLY):
Likely to see a consolidation next to this bottom reversal pattern as shown on the the Daily chart on the left. on the right we see the 4hour chart where the price moves inside a descending channel giving a bullish divergence on the MACD , touching a buy zone of good support that has a bottom on 950 .
On the Weekly timeframe, this pair was on a descending trend, but the past year start making Higher Highs and Higher Lows, forming an ascending channel. the past days broke that descending trend line and the top of the ascending channel, made a retest of that lines and a resistance zone. Right now the price is bouncing on a strong resistance, but i think that got...
A 12 year downtrend in platinum has just been broken. Initial targets are $1300 per oz and we will then take a view once this has been met.
PLG jumping today with volume of selling minimal and large recent buying by hedge funds and private investors. Can only hope for repeat of 2014. IMPUY AMEX:PLG OTC:IMPUY
Recently platinum has broken the downtrend, and made a nice upward move setting up this golden cross on the weekly chart, its as simple as that.. upsides can be expected as a result of this. Happy New Year from Australia :D
After move down a while ago, Platinum looks good to move up again before going down deeper. Entrance: 890 Stop: 875 First target: 910 Final target: 929
Here's requested TA for one of our V.I.P members. We're don't trade this CFD so this is purley technicals on the fly. Plat is one where you have a falling wedge that could develop and a break above the upper trendline that could be of interest. For now its choppy and the risk is in the immediate future since we're still declining in the longtime time frame and...
Commercials were in very heavy short positions. Now we are back to the zone before they got long before. Will this price interest them? Lets see if we can beat them this COT Friday.. IMO.... This is just a small bounce in a longer downtrend. Though this time last year we were very close to 1000. So I am torn.In the meantime- I will surly play the counter trade...
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...
XPT still has lot of resistance to clear. First thing to clear is the 200ema. We broke out of the short term triangle, We are at lows from 2009 which act as support. RSI is showing some bullish hl and hh. An option is to long on the retest of the short term triangle. This trade would be a half year-year hold.
Platinum to Palladium ratio at historical low inside a descending terminal wedge. Key signal that higher Platinum and lower Palladium prices are due in the next phase of the move. Long Platinum and Short Palladium here.
Expanding upon my last published platinum chart by zooming in a bit. Conservatives may wait for a daily close, with confirmation, above the dotted blue trend line.
Beautiful chart. Nice base of support and gaining momentum - with strong potential for upside (9-month first target: $1070); else, exit @ $797.
Let's see what the move will be now that Platinum has broken the downward trend line