Platinum short should be wary too here8 hour StocRSI and RSI both showing hidden divergence while price stays above 200 EMA. This could be a good indication that the upward trend WILL continue. Expecting the short term bounce to the $1090 area.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
XPTUSDG trade ideas
XPTUSD BUY on D1H4
- Structure: Uptrend
- Tendency: rising
-=> BUY Limit
-trade enter: 913.078
PLAN:
As picture
Guys it looks like another great deal coming up, if you missed my last XPTUSD trade don’t worry new opportunity is coming up.
Just don’t forget XPT it takes a time both it worth it.
God bless you
Platinum be cautious here Monthly chart shows a little worrisome sign here. Not like other precious metals. Closely watch what will up fold over the next weeks...
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
The fate of platinum in 2021What's it going to be like ? It is now hoovering at the resistance level area for the last 3 weeks. It might consolidate a while more before we see a breakout of the bearish trend line.
I am bullish on it just like my stand in Silver and other commodities I trade.
Unless you know what you are doing, you NEED NOT have all commodities in your portfolio. It is difficult to say how much allocation you should have as different people have different goals, strategies and knowledge. And always, always trade with a STOP LOSS. Nobody can predict the market (those who say they can are seldom traders themselves but earn their money through their "predictions")so just because it has been good the last few months, it may or may not be enjoying such trend in the future. That is why you need STOP LOSS to protect your money.
Short term correction for Platinum?
4 hour chart with CMF bearish divergence..watching this closely.
mid to long term very bullish.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Possible rising wedge for Platinumrising wedge forming, price target of 1081 which is the previous swing high. At that PT point there should be people taking profit.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
xpt attackAs seen on chart there is a channel and a long resistance line at 1015 usd came from february, before pandemic. It is clinging above 1015, i think, and now it will probably be a resistance line in future. It is at top bollinger band and top point of the channel. We can see a trend line on RSI. So maybe, just maybe, it will drive up above 1070s permanently. Happy new year everyone.
XPTUSD ideaPlatinum idea
For platinum
An interesting picture of platinum is emerging. Globally - the bearish trend line has been broken on the monthly chart. Perhaps a new long-term trend has arisen on this product.
At the moment, a bullish flag has formed and as we know it is a trend continuation pattern.
one possible price action scenario for Platinum
possible price action scenario short term:
rising bearish wedge if played out would bring down the price back to the larger Bull flag channel lower line. Then price to resume upward swing
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Platinum future 65 min possible negative StochastiRSIdivergence SWOT
S:
1. seasonality wise Dec and Jan strong.
2. The week after Christmas typically is strong for stocks and even first week of the new year.
3. possible inventory shortage for the metal
4. bullish setup for intermediate time span (Daily, 3 day, etc.)
5. very undervalued based on historical price and especially given the devalued dollar and near 0 (or negative) interest rate.
6. just had a huge 10% correction on last Sunday night and not likely to have another one soon.
W:
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O:
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T:
near term negative chart divergence
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.