XPTUSD
XPTUSD Entry Price Between Fibonacci 0.236 and 0.382Watch for an entry near Fibonacci Retracement Level 0.236 (Price 1256.302) and Resistance Level Turn Support at Price 1255.450.
Wait for a price action signal in the form of pin bar at Fibonacci Level Area 0.236 and 0.382. You will want to enter a buy order in the area of Exponential Moving Average Period 10 and Exponential Moving Average Period 20 "AND" the area of Fibonacci Retracement Level 0.236 and 0.382.
So, for confluence, use the following factors:
Look for a Pin Bar in a pull back at
* Fibonacci Retracement Horizontal Level (0.236 0.500)
* Support Resistance Horizontal Key Level (1255.450)
* Support Resistance Diagonal Level (Trend Line)
* Dynamic Support Resistance (EMA 10 EMA 20)
PLATINUM (XPTUSD) starting a long-term rallyPattern: Channel Up on 1D.
Signal: Buy as the price has been consolidating near the Channel's Higher Lows trend-line in a manner similar to November 2020. Identical MACD sequences also.
Target: 1330 (current Resistance on 1D) medium-term and 1550 (Higher Highs trend-line of the Channel Up) long-term.
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XPTUSD/XAUUSD rather late, but not done yet XPTUSD/XAUUSD
as platinum gets set for (1192-1194) double bottom, the price of gold has stalled in the (1729-1734) double top range
both pairs have recently caught a support 5 buy but I do believe platinum has more room to go^ platinum is the metal of the future
Platinum looks like its poised for the next leg upwardsThe signals on platinum are suggesting that it's close to its bottom and should start its next let upwards within the next week or so.
Some of the platinum miners look like they are in need of a retracement and consolidation phase after some large gains over the past year. A company like Anglo American Plat Ltd looks like its over bought, however, if the platinum price has a spike upwards, the share price of a company like Anglo American Plat Ltd could continue to see higher re-ratings in the share price.
Lets see what happens...
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Platinum Multi-Timeframe analysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.