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Platinum (XPTUSD)Platinum (XPTUSD)Platinum (XPTUSD)

Platinum (XPTUSD)

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PLATINUM trade ideas

XPTUSD Solid buy entry but not confirmed yet.Platinum (XPTUSD) is trading around the 1D MA50 (blue trend-line) after a rebound on the bottom (Higher Lows trend-line) of a potential long-term Channel Up structure. This is the 2nd time it bounces off the Higher Lows and the 4th within the 7-month Support Zone. The 1D MACD made a Bullish Cross last week and is on Higher Lows since June 30. The very same Triple Bottom formation on a Higher Lows MACD can be seen on the previous bottom. The Lower Highs trend-line break-out didn't confirm the bullish signal, it had to be a break above the 1D MA200 (orange trend-line) to give the confirmation. As you can see on both fractals the price got rejected on the 1D MA200 (August 11 2022 and July 18 2023) before it bottomed. As a result we may have a low risk buy signal on the current level but it is not confirmed yet and needs to break above the 1D MA200 to do so. Our long-term target is the Top of the Resistance Zone at 1130. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot
2
Platinum- New test of 1k zone?Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less). The start of September found the price at the bottom of this range and the price has started to rise again. A first leg up followed and after XptUsd reached 950, a correction started. Yesterday we had a reversal in price from interim support around 927 and a new leg up could be next. Bulls are favored as long as the price is above yesterday's low in terms of daily close and, swing traders who target the upper boundary of the race could achieve an impressive 1:3 risk: reward. As in the case of Silver and Gold, I'm also bullish on Platinum.
OANDA:XPTUSDLong
by Mihai_Iacob
1
How about those Platinum stocks?The time may soon be arriving to take a dip into the badly beaten PGM boys. Looking at the Platinum price (USD), it is obvious just how much pressure the metal has been under. There is a technical support level fast approaching and I think that level is close to $890.00/oz. Price action suggests over-sold now in the short term so a bounce from that level should see the price attempt a run back up to the 50day moving average which (for now) is around $937.00. This should support a bounce in local platinum stocks, assuming we don't get any currency shocks.
OANDA:XPTUSDLong
by RobbyP
PLATINUM, This Formation Possibly Provides Proper Setup!Hello Traders Investors And Community, Welcome to this analysis where we are looking at PLATINUM 4-hour timeframe perspective, the recent events, the current formation, and how possible set-ups can resulting out of it. PLATINUM is trading in this huge possible rising-triangle-formation marked in blue which can reverse the established bullish trend to the downside as it already begins to struggle while it is approaching important resistance levels formed by past price-action. The wave-count you can watch is matching also this triangle which will confirm when the price the last time touches the upper boundary to confirm it bearish , therefore the whole formation will be confirmed with a close below the lower boundary and a possible additional confirmation of it which will show the proper short-side setup to be traded, although the aggressive immediate entry is also possible here the conservative waiting on the right confirmation will be way smarter. Targets will be way down in the structure and when the minimum targets achieved at around 900 there can come more bearish pressure, in this case, it is important to examine further. In this manner, thank you for watching the analysis, support for more market insight and all the best. "Trading effectively is about accessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
TVC:PLATINUM
by VincePrince
1
PLATINUM: Excellent buy signal at the bottom of a Rectangle.Platinum (XPTUSD) is rebounding after entering the S1 Zone, which is the bottom part of the Rectangle pattern that has been keeping the price action sideways for the past three months. The 1D technical outlook is neutral (RSI = 45.406, MACD = -7.150, ADX = 37.615) as a result, which justifies this ranged price action. The 1D RSI is rising on a HL trendline, thus we use this low price level to go long and target the 1D MA200 and the R1 Zone (TP = 983.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XPTUSDLong
by InvestingScope
PLATINUM, Moving In Solid Trend, Potential To Continue Further! Hello, Traders Investors And Community, welcome to this analysis about the current structure and price-action we have in platinum, there are some interesting and significant signs which I determined and which will affect the price-action further. Platinum is still moving in a steady uptrend since we had the bear-trap and bottom building at 560 we saw some good volatility and percentual price-jumps. Let's have a look at the locally 4-hour timeframe and see how we can continue with platinum. When looking at my chart you can see that platinum currently trades at the important resistance at 855 which you can see marked in my chart with the grey level, this is a resistance-level which platinum has to build in the past price-swings and is actually a strong resistance which shouldn't be ignored therefore we can expect minimum a pull-back to lower levels here and providing excellent correction for new entry-points. In considering the pull-back we can expect the meaningful support-level between 780 and 800 to hold not only do we have there a strong past resistance level which is now support but also it is supported by the 100 DEMA and 200 DEMA which building together with the support a logical and coherent confluence-cluster here which will highly likely be respected as such and provide a decent bounce when touched in that level. Overall we can say that platinum is in still in a strong uptrend level here which did not already confirm to the downside or shows any serious reversal signs which will shift the overall price-structure to the downside, the correction awaited is completely natural and will highly likely show that the price continues to the upside and reach the target which you can see in my chart. Remember that we need to confirm the support with a clear break of the current resistance level this will initiate the strengthening of further growth. Thanks for watching everybody, support for more market insight, and have a good day! ;) Science is organized knowledge. Wisdom is organized life. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
TVC:PLATINUM
by VincePrince
3
Platinum is trying to break the resistance! As we expected in the previous published idea, we got a nice follow up after the price formed a double bottom. The price has risen to the first resistance level. Breaking this will push the price to the 980 level. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPTUSD
by WhaleGambit
Ascending Channel on XPT/USD @ D1An ascending channel pattern formed on the daily chart of the XPT/USD pair (Platinum CFD) after a downtrend that lasted for about one month. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position of both lines is calculated based on the channel's width. The stop-loss is to be set to the high of the breakout candle (or to the high of the preceding candle if the breakout one is trading mostly outside the channel) - it isn't shown on this chart.
OANDA:XPTUSDShort
by AndriyMoraru
Platinum is ready for a pushWhile long term us yields have been rising heavily, we saw harsh drops on the precious metals including OANDA:XAUUSD , OANDA:XAGUSD and $OANDA:XPTUSD. Platinum has started show reversal movements. The price formed a double bottom and breaking the middle point. RSI also shows the bullish divergence. Additionally, the ratio between platinum and gold also formed a double bottom, and it breaks through the down trend as well. This is a good sign for all the precious metals. If we look at the previous ratio, platinum is ultra cheap compared to gold. If we are entering the super cyle era for precious metals, platinum is going to be the star of the show. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPTUSDLong
by WhaleGambit
Platinum is finally showing some life signals!The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we go there, the structure may look like an eve-adam pattern, which may throw the price to 1040-1080 region. Combining the move with OANDA:XPDUSD , we may be at the beginning of a big bullish movement of precious metals! Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XPTUSDLong
by WhaleGambit
1
XPTUSD Long-term buy opportunity near 1 year Support.Platinum (XPTUSD) is having a strong start to the week following a streak of 2 red 1W candles rejected on both the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). Regardless of the obvious 1W Golden Cross pattern that those two are aiming to complete, the price got again near the 895 - 903 Support Zone, which has been closing all 1W candles above since September 2022. With the 1W RSI on a bottom sequence similar to the February 2023, December 2021 and September 2021 fractals, we consider this an excellent long-term buy opportunity. Our target is the bottom of the Resistance Zone at 1100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot