XPT is going to fly to 1150 and aboveXPT is going to fly to 1150 and above
XPT just break the 1000 level and retested
Therefore we can buy XPT
SL 980
TP1: 1150
TP2: Hold for long term
XPTUSD trade ideas
PlatinumWednesday, 16 December 2020
17:39 PM (WIB)
Platinum is breaking out the historical descending downtrend lines
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
XPTUSD Technical outlook Bullish scenario: XPTUSD
Technical outlook
Bullish scenario:
The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a 10.11.2020. With the above said if the price breaks its four days range above 1030 level the bulls could take the price to 1073 and if this level fold then the path to 1170 will be open.
Bearish scenario:
If the price break below 1063 support level, then the first target for the bears will be 905 and if it doesn’t hold then we may see 840 support level hit.
Fundamental:
One of the most important things now is the huge spread between gold and platinum which show us that the platinum is quite undervalued on historically bases. The other thing to consider is the except that the platinum is also e precious metal it has a usage in the industry. This fact alone with the huge spread between prices of the two metals gives slightly bigger advantage of the bullish technical scenario
XPTUSD Technical outlookXPTUSD
Technical outlook
Bullish scenario:
The Platinum broke very important resistance zone between 960 and 1000 usd. Now the price is holding above the zone narrowing its daily range. As all trends are moving between two phases – Impulse and Correction the last three-four days sideway movement could be taken as a correction of the impulse started on a 10.11.2020. With the above said if the price breaks its four days range above 1030 level the bulls could take the price to 1073 and if this level fold then the path to 1170 will be open.
Bearish scenario:
If the price break below 1063 support level, then the first target for the bears will be 905 and if it doesn’t hold then we may see 840 support level hit.
Fundamental:
One of the most important things now is the huge spread between gold and platinum which show us that the platinum is quite undervalued on historically bases. The other thing to consider is the except that the platinum is also e precious metal it has a usage in the industry. This fact alone with the huge spread between prices of the two metals gives slightly bigger advantage of the bullish technical scenario
Platinum $ spot: might history repeat itself?💡 A bearish bias is applicable below 1031
Downside target (LIKELY): 1008
Upside target (UNLIKELY): 1048
Downside price momentum supports the bearish trend. RSI is at 64. Will the price action repeat the previous move? See the red rectangles.
XPT Platinum - My theory when to go longThis is my personal analysis for XPT. I'm not a psychic, so I'm not guaranteed to be profitable all the time, however I like to take my shots.
Buy $900
SL 766
TP 1172
This is not investment advice, risk at your own will.
LONG ALL THE WAY!Hello friend, Platinum has broken out of the H&S pattern; this reminds of the days when gold broke the H&S pattern before the wild run we saw in previous months. Based on the pattern, I would buy platinum in the support zone indicated in the cart; more of a positional trade rather than a day trade. The target for the broken H&S comes around $1,500 which means 40%+ gain in the coming weeks/ months. Keep in mind that Platinum did not have similar run like gold or silver, so it is likely Platinum will outperform other metals in the next rally.
Please share your thoughts and if you like this analysis, please like and follow.
Good luck!
Plat SellzTook an early entry last week, expecting this week to provide some bearishness for metals & foreigns
Platinum - bullishPerhaps the B wave looks too much like 5 waves to be a B wave but even if it is then we would still be looking at the early stages of a C wave. Bullish either way.
Platinum- 1200 on medium term?November was quite a month for Platinum with the price rising 30%, but most importantly with a significant break above 1000 psychological and technical resistance, a resistance that held since 1017.
At this point, the price is in a normal and necessary correction, and confirmation of 1k as new support would bring bulls into the market and the price can rise to the next important zone at 1200.
Buying at 1010-1020 zone could be a great trade for the medium-term and only a drop under 950 would change this bullish outlook
XPT bullishAs my predicted on Dec 4, price hit the critical zone and pull back, here's the future critical zone to observe (take action)
Platinum Sunday, 6 December 2020
07:31 AM (WIB)
Platinum is on the rising wedge formation. It seems not completed yet, but need correction move after racing high.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Platinum Playing Catch Up?Looking at the Platinum monthly chart, we see a very large pattern has formed. This is a long term analysis, but judging from the current economic conditions and the fact that the FED will continue to print money and devalue fiat currency, the metals market will likely see slow steady growth over the next few years. Platinum is looking very strong, a break of the downtrend could trigger a large thrust up and be the start of the platinum bull market. Fingers crossed, happy trading to you all.
Stay calm, patient, and level headed.
Platinum Flying To The Cloud Friday, 4 December 2020
20:24 PM (WIB)
What could give a profitable return on ROI besides Gold and Crude Oil is Platinum. Once we hit the target without losing our funds, we could achieve a huge profit on these market. Now, Platinum is on the way to the sky, but it seems to need a retracement move first that might be landing at 1000 areas. A very strong upraising movement we can see at the base ground support and rising wedge formation at the highest high. I will use a very safe order on Platinum with 10% of my funds, with a loss stop at $300.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Platinum set to break through to new highsIt moves in sync with its RSI as illustrated by the blue vertical lines on the chart. If this trend continues it will retest, and possibly breakthrough into new highs and once it breaks out I don't see it stopping till $1750. No matter if it is a stock, currency, or commodity, more often than not it will contend with a previous all-time high before surpassing it.
