#Observation - Platinum longer term chart looking positiveAs per observations on the chart, the Spot price of Platinum does not look bad at all and seems to be setting up to break the bear market that we have witnessed over the last decade. Still lots of work to do, but early signs are there as per the chart. Above $1000 and we could then argue that the bull market in platinum has once again began..
The South African Platinum shares have traded extremely positive during this pandemic and could well be giving us an indication that the spot price eventually follows higher..
XPTUSDG trade ideas
When Platinum takes off, you want to be in itIn March 2008, Platinum reached just shy of 3000.00. At the same time, Gold was closer to 1000.00. Take a look at Gold now and also this nice flag on Platinum. I posted to buy it at 600.00, but right now it is setting up to produce a very large higher time frame candle. Remember this is for investing, not scalping.