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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

Platinum Long Entry Platinum has been in an uptrend since the 20th of September after dropping to $891.30 Earlier that month. The current demand for platinum is exceeding the supply for the precious metal, which shows that the price should rise up as time goes on. The price has been on an uptrend for a month, but this week the price has fallen by -4.14% to 1057.22 regions. There has been some support made here which indicates that's the price is due to rise and continue in this uptrend. The RSI levels are currently in oversold territories too, at around 20. A long entry from a swing position seems appropriate for platinum, with targets at 1141.26 on the upside, stop-loss levels are at 1030.
PLong
by Orion-Markets
XPT/USD 1DAY CHART SETUPHi everyone this is my trade set up for the XPT/USD for the new week ahead we had a very nice push last week and i feel it still has the legs to to make the push higher XPT/USD is still pushing up so i am expecting a pullback to the order block zones and will be looking for a BUY trade look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
OANDA:XPTUSDLong
by Costy13
PLATINUM moving higher 🦐PLATINUM on the daily chart broke the perfect descending channel tried to break above the 1060 resistance structure without success. The price tested then the 0.382 Fibonacci level over a support and we can expect a new attempt of a break to the upside during this week. According to Plancton's strategy if the price will break and close above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
10
PLATINUM moving higher 🦐PLATINUM on the daily chart broke the perfect descending channel and now testing a daily resistance. According to Plancton's strategy if the price will break and close above we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:PLATINUMLong
by InkyGrip
6
Platinum (XPTUSD)I believe that we are currently retracing the previous high. The current low area seems like a higher low on the weekly. That Mac D looks like its attempting to lose momentum and should eventually cross to the upside! I want either 38% or 61% of previous high. I won't hold forever. Just as long as I can to squeeze some juice from this nice valuable metal. Platinum is a well respected metal used throughout several industries. Platinum is used extensively for jewellery. Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year. Platinum is very effective at converting emissions from the vehicle’s engine into less harmful waste products. Platinum is used in the chemicals industry as a catalyst for the production of nitric acid, silicone and benzene. It is also used as a catalyst to improve the efficiency of fuel cells. The electronics industry uses platinum for computer hard disks and thermocouples. Platinum is also used to make optical fibres and LCDs, turbine blades, spark plugs, pacemakers and dental fillings. Platinum compounds are important chemotherapy drugs used to treat cancers. source: rsc.org
FX_IDC:XPTUSDLong
by Redimere_91
1