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Platinum (XPTUSD)

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PLATINUM trade ideas

PLATINUM may be on the verge of a strong year-end rally!XPTUSD (Platinum) has had a strong rebound last week that started exactly on the Higher Lows trend-line of June 2020. The commodity may be repeating the 2020 pattern that lead to a massive end-of-year rally. However it needs to get past (break and close a 1D candle above it) the 1D MA50 (blue trend-line). As you see since XPTUSD hasn't closed a 1D candle above it since May 18 2021 with the rejections on it being brutal every time. In 2020 once it closed above it, the price soon started a strong rally. Notice how the RSI is on Higher Lows now in similar fashion as in 2020. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
4
PlatinumMonday, 20 September 2021 19:16 PM (WIB) Platinum just broke the lowest price at $896. It means the price could open possibility to move more lower into 52 Weeks low at $830. Which have support from descending channel to hit that point. I would prefer to keep watch the movement periodically. The question is "What condition on Platinum market that has been fall so far from $1.300 into $896?" I need to find out the answer. Best regards, RyodaBrainless "Live to Ride and Ride to Live"
CAPITALCOM:PLATINUM
by RyodaBrainless