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XPTUSD

Targets hit. New bearish pattern in development. Short.Both TP 878.128 and 852.737 in extension have been hit as the previous Channel Down on 1D even crossed our estimated 793.519 bottom. This break-out maintains our sentiment on a bearish path for Platinum as a new Channel Down is being developed on 1D (RSI = 41.648, MACD = -12.930, Highs/Lows = -6.5407, B/BP = -19.9240) seeking 740.000 as its next Lower Low. Only if 846.20 gets crossed, can we consider the probability of a trend reversal, as it will break the Lower High on the 1W Channel Down. Unless that happens, we will stay short on XPTUSD with new TP = 756.538 and 740.857 in extension.
OANDA:XPTUSDShort
by InvestingScope
Possible bottoming pattern on PlatinumI am long from 815 based on the 4hr chart. Some evidence for a potential bottom: There is a major bottoming developing in the spread between platinum and palladium. Platinum is on the verge of rebounding aggressively against it. This trade is very low risk from here. Obviously we would need the dollar to turn lower if platinum's rise is actually sustainable. For this reason, my trading time frame will remain small (4hr - daily), however, the weekly chart is showing a strong close once today is finished as long as price stays in this range.
OANDA:XPTUSDLong
by Lanmar
Platinum is moving to a key level where we can open LongPlatinum is moving to a key level where we can open Long 2 weeks ago the price made fake broke at key level $810 and D1 close upper it. That showed to us that big players have an interest in buying. Currency rate is making pull beak down. I recommend opening Long near: $810 S/L under low $796 T/ P1: $1010 S/L: $1147 It is deal for long-term traders. If everything will work on my scenario, it can take 1–2 months before the price will hit T/P.
OANDA:XPTUSDLong
by Yuriy_Bishko
1
Standard Channel Down and new Lower HighPlatinum is trading on a long term 1W Channel Down (Highs/Lows = -12.1143, B/BP = -36.7780, MACD = -13.210) that started off in late January and has just priced the latest Lower High near 915. With 4H neutral (RSI = 50.443, Williams = -46.789) around the blue line, we expect the decline to a new Lower Low to start soon. The TP is at least the previous Lower Low at 877.90 but more risk averse traders can book the profit earlier ay 893.40.
NYMEX:PL1!Short
by InvestingScope