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Platinum / U.S. Dollar

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XPTUSD trade ideas

More downside for XPTUSD (Platinum)XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end. Technical : The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are happening while we are nearing the bottom Trendline, making a breakdown higher probability. Target a 1-1.5% move down from your entry/break
EIGHTCAP:XPTUSDShort
by Iateyourcroissant
XPTUSD Strong Higher Low buy opportunity. 1D Golden Cross formedPlatinum (XPTUSD) gave us an excellent bottom buy signal last time (March 13, see chart below), as the metal entered a Channel Up pattern following the bottom just below 880.00: Currently we are on the 2nd Bearish Leg of the Bullish Megaphone pattern that emerged and will complete a Golden Cross on the 1D time-frame today. As per the December 02 2023 Golden Cross, which was formed after a similar rebound, but on a more aggressive Channel Up instead of a Megaphone, we should be expecting another Higher High near the 1.382 Fibonacci extension. Our Target is 1060. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot
Platinum- Can it Bridge the Gap with Gold?For the past 10 months, OANDA:XPTUSD has been trading within a range between approximately 850 to 1000. However, upon closer examination of this range, it appears to resemble a rounded bottom formation and also after dipping below 900 at the beginning of March, Platinum has been establishing higher lows, suggesting that the price is ready for a strong rise. Conservative traders may want to consider waiting for a break above 1000. In such an instance, the price could potentially accelerate and reach 1300 in the medium term. On the other hand, more aggressive traders could opt to buy dips near 950. With a stop loss set below 850 and a target of 1300, this strategy could potentially yield a risk-to-reward ratio of more than 1:3.
OANDA:XPTUSDLong
by Mihai_Iacob
PLatinum Quick Video Idea - -2024.04.08EASYMARKETS:XPTUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:XPTUSD
by easyMarkets
Plat, time to join the party with gold and silver.Gold is leading the gains in the basket of precious metals and it is only a matter of time before the rest of the metals follow and break higher. The move higher in precious metal prices is immensely rand positive but we will have to see platinum come to the party for sustained rand gains before the local elections. Platinum has broken above the 50-day and 200-day MA’s and it is looking set to test the 61.8% Fibo rate of $957 per ounce and the major downward trend line in the days to come if it maintains levels above $915 per ounce.
TVC:PLATINUMLong
by Goose96
XPTUSD broke above the 1D MA200 and is ready to rally.Platinum (XPTUSD) broke above the 1D MA200 (orange trend-line), and being on 1D RSI Higher Lows, we may be having a strong rally in its early stages. At least this is what the very same Higher Lows RSI pattern has led to when Platinum made the very same 1D MA200 break-out on October 26 2022. The result was a +28.50% instant rally from the bottom and then a finaly blow-out just below the 1.382 Fibonacci extension. As a result, we are bullish on Platinum targeting a minimum at 1060 (sub 1.382 Fib), even though it may very well reach the upper (red) Resistance Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPTUSDLong
by TradingShot
Trade Idea: Go Long Up To 1100$Rationale: COT sentiment The last COT report shows that Commercials' net short positions have been decreasing, which could indicate a shift in sentiment towards the bullish side. The COT report can be used as a tool to gauge the market sentiment of traders. When Commercials' net short positions decrease, it could signal a potential shift in sentiment towards the bullish side. This could be due to factors such as improving economic conditions, increased demand for platinum, or geopolitical events that could impact the price of platinum. Option Sentiment There has been a significant increase in insider option activity, with a notable number of calls being purchased at 100$ strike price. This bullish sentiment has been further corroborated by the options open interest, which has also increased. Technical Analysis From a technical perspective, Platinum breakthroug range.
OANDA:XPTUSDLong
by ClashChartsTeam
Platinum Trade Idea: Go Long with a Price Target of $1,100Rationale: COT sentiment The last COT report shows that Commercials' net short positions have been decreasing, which could indicate a shift in sentiment towards the bullish side. The COT report can be used as a tool to gauge the market sentiment of traders. When Commercials' net short positions decrease, it could signal a potential shift in sentiment towards the bullish side. This could be due to factors such as improving economic conditions, increased demand for platinum, or geopolitical events that could impact the price of platinum. Option Sentiment There has been a significant increase in insider option activity, with a notable number of calls being purchased at 100$ strike price. This bullish sentiment has been further corroborated by the options open interest, which has also increased. Technical Analysis From a technical perspective, Platinum breakthroug range.
OANDA:XPTUSDLong
by ClashChartsTeam