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PLATINUM / US DOLLAR GRAMPLATINUM / US DOLLAR GRAMPLATINUM / US DOLLAR GRAM

PLATINUM / US DOLLAR GRAM

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XPTUSDG trade ideas

Does Platinum rhyme with Bailout?Mo money Mo problems. The philosopher Notorious B.I.G. used to sing about that. With the unlimited backstops to deposits and blank checks being thrown around, it might be a good time to review metals. Platinum is more rare than gold. Historically it has traded at a premium to the gold price. Currently trades for about half the gold price. All time high in platinum is 2290, but those dollar were pre 2008 bail out dollars. As gold nears all time highs over 2k, I cant help but wonder what could happen with Platinum. in inflationary times metal do pretty well historically. and since deflation is being bailed out with the banks, the inflation case is more likely now than last month.
TVC:PLATINUMLong
by ValuePig
Platinum Bullish Flag Set to Become a 5-wave CorrectionThe bearish price action in TVC:PLATINUM that started since Feb 2021 has the hallmarks of a bullish flag: Overlapping waves WXYXZ No significant price movement compared to the bullish impulse from Mar 2020 to Feb 2021. It has taken more than 2x the time to retrace 61.8% of the previous impulse move. Forecast: Platinum breaking below the previous low ($825), potentially hitting the $700 area near the bottom trendline of the channel Platinum bottoming at the Z wave The price bouncing back targeting the upper trendline as the first target and the previous high ($1336) as the second target.
TVC:PLATINUMLong
by DavoodWadi
1
Doctor Platinum Platinum is the bellwether for the Fourth Industrial economy Green hydrogen is the battery for the storage and transportation of wind and solar energy; and platinum is the chief catalyst for both the generation by electrolysis of green hydrogen from solar and wind energy; and the reverse reaction in the fuel cell. Here I have a section of the longterm platinum chart in log: comes down to recent PA We can see it is respecting the longterm geometry perfectly Since the corona low it has made a high and it now attempting a higher low; the golden pocket should again provide good support The purple median line should act like a magnet to prevent and further big drops near term- I believe the higher low is in; and I’ll be buying here. A sensible stop would be around the last low. I don’t use stops. NOT TARDING ADVICE GR Industry 4 PT1 = 1500 PT2 ATH
TVC:PLATINUM
by Great_Reset_Investing
1
Plat finding supportThe price of platinum has since January 2023 nose-dived by roughly 16% which has seen the metal fall below its 200-day MA price of $947.60 to touch lows around $910 in Feb. The metal is however finding some support on the green 61.8% Fibo retracement level of $922.85 and the longer-term blue 23.6% Fibo. Technical indicators are supporting a move higher for the metal with a re-test of the 200-day MA looking likely over the near-term. A break above the 200-day MA price will allow the metal to claw its way higher towards the 50-day MA price currently at $1012.03 in my view. The heavily oversold daily RSI and the rolling over of the MACD indicator supports this price action, but for now we need $922.85 to hold its ground. (I’m not too familiar with the fundamentals regarding precious metal prices, some references or pointers would be greatly appreciated. I mainly watch the price of plat to support my USDZAR views)
TVC:PLATINUM
by Goose96
1
Platinum: Potentially Nearing OversoldThe majority of my research insights are published for clients and occasionally highlighted on this platform. To become a regular recipient of my research, including trade ideas, get in touch with me today for a brief discussion. Price momentum is down however the indicators point to the commodity nearing oversold conditions Nearing incline support Is trading just below the 61.8% Fibonacci retracement level Consider the following for today or in the next 2 to 3 sessions: the development of a piercing candle formation i.e. a print below the prior day low and a reclaim of those lows to suggest that buyers have started to step in. Traders could consider building a small buy/long position on confirmation/improvement in the price action or structure.
TVC:PLATINUM
by techpers
Platinum nascent bull market I’m a metals bug but haven’t been convinced of a full blown metals bull market since corona Now I believe is time Inflation is now dialled in, but they can’t keep raising ad infinitum else the web of debt financial system will collapse It may be that endogenous financial ruin is part of the reset- but I don’t believe the comptrollers would risk their own wealth to do this It will be more subtle Platinum has the additional fundamental of green hydrogen I think metals are preparing for a face melting bull run Ofc this would require general sentiment to be mehish at best, which of course it is The major downtrend is shown here in orange/brown It’s had a few goes at breaking this The corona low was a divergent low I’ll be surprised if platinum doesn’t have a monster breakout this year NFA
TVC:PLATINUM
by Great_Reset_Investing
Platinum long scenario Oke guys, I'm going to watch this for potential long if price give us second touch of the ATL, it showed good rejection at first touch and now I'm looking for a pullback to POI and if it comes to the marked zone, I will wait for 4H rejection candles and after that I'll consider buys. Confluences are: 1. Daily 50EMA touch 2. Nice break and retest of S/R zone 3. Bullish trend on 4H, D, W 4. 61.8% fibs 5. initially it showed rejection at the first touch of daily 50EMA Technically its looking good, but remember that we jump in longs only if we see a good 4H rejection candles at marked zone
PLong
by JivkoXristov
Platinum could rise to 1200 zoneSince the late September low and strong support from 850, Platinum has had a nice rise of around 30%. On the last trading day of 2022, the price also broke above 1050 resistance and, after confirming this break as a genuine one last week, Friday's candle is a bullish engulfing. All these are suggesting up continuation and the 1200 zone could be next for Platinum. Buy dips in the 1070-1080 zone could be a good strategy that also offers 1:2.5 R: R
EASYMARKETS:XPTUSDLong
by Mihai_Iacob