Platinum Vs USD ShortPrice has formed a nice corrective structure after the impulse, we expect another leg down again. Trend line broken and its on a retest watch and sell
XPTUSD trade ideas
#Platinum [4H] A Bullish Sign! SAXO:XPTUSD Watch out for an impulse making its way to 780.
This is a ready "BUY" order, just watch the spread!
#AHMEDMESBAH
Xpt/usd update 4Update 4 7:30 am
Been an excellent week gone from 100k leverage to 971k on 4 trades. Rate of change has continued through this week with only minor corrections
With plenty of headroom to go will continue to monitor
Platinum: flag Here likely we have a flag, which during coming sessions can be resolved as another up impulse.
As usual, I'm looking for possible alternative movements:
1. Green: main scenario;
2. Yellow: possible formation of a bigger structure with establishing a new low;
Long xpt/usd update 3 After 36 hours of watching this pair(three hours total) Currently @+40% adjusting stoploss to secure gains, and lifting take profit to account for pattern moving at 3x speed Original estimated speed.
PLT from the 'ol painter on the lot.Clearly a long term hold and wonder !
Behold Low, ^^invest now^^ with a Scots accent.
It is a perception of the probability space ahead. as foreshadowed by the previous action.
beware Solid Red
that is the red limit.
if for the briefest of scenes , one saw Gorge, Jet-sons display . . . You would know he got it from a box labelled ACME.
Bought PlatinumI sent some of my profits to my BullionVault account.
I bought some plat and silver for life long savings.
XPTUSD | Cup & HandlePlease support this idea with LIKE if you find it useful.
Price formed a Cup & Handle. Moreover price already broke the Horizontal Resistance and confirmed the pattern. So we can initiate a long position with stop-loss below the Horizontal Resistance
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
LONG XPTUSDBreak of 6hour RSI trendline and OBV is pushing higher on its BB's.
A break of 746 and restest would confirm the trend upwards.
PLAATINUM technicaly based forecast
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💡 PLATINUM technicaly based idea, technicaly indicators showing we can expect higher push up in price, expecting to see push in price till FIBO 0.6.
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South on platinum to $450-415after $450-414 we will see all time height,South Africa it already have a shortage on Platinum extraction from mine explosion and Covid-19
Platinum Breakout & Palladium Blow-off TopPlatinum at current levels presents tremendous value. The precious metals take turns outperforming and underperforming. In the late 90s palladium went into a bubble while gold, silver, and platinum bottomed out. Then throughout the 00's palladium moved sideways while platinum, silver, and gold all outperformed.
I believe we are nearing a similar setup where US stocks will enter a blow off top and palladium will follow. Following this blow-off top platinum and silver will begin to drastically outperform.
Additionally, the more expensive palladium gets, the more likely industry will find ways to substitute towards platinum. This is especially the case since most of palladium demand comes from China.
Be keeping an eye on these metals, along with gold and silver.
Platinum back to its trackObserve from weekly chart, platinum has recovered back to the descending channel, it’s likely retest the channel support for a leap to touch the resistance at around 800
Platinum in 4 Hour Chart. Platinum may be bottoming in a very short-term although it doesn't mean that this is the confirmed bottom as the Overall Trend Bias is Downtrend.
Short will be the bias on Resistance while Long will be the bias on 4Hour Support.
