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PLATINUM / US DOLLAR GRAM

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Platinum's Seasonal Bearish Trend: Insights and StrategiesPlatinum is entering a seasonal period typically characterized by bearish sentiment, as observed consistently over the past 15 years during this time of year. This historical pattern suggests a tendency for the metal's price to decline during this period. From a technical analysis standpoint, the price is currently retesting the supply area, which coincides with significant resistance levels. This area also aligns with the 78% and 88.6% Fibonacci retracement levels, adding further weight to the resistance. Additionally, there is a notable RSI divergence, indicating a potential reversal or continuation of the bearish trend. Given these factors, we are considering a bearish setup for Platinum, leveraging the historical seasonality strategy. This approach aims to capitalize on the anticipated downward movement based on both technical indicators and long-term seasonal trends. By combining these insights, we aim to make informed trading decisions that align with the historical performance and current market signals.
ACTIVTRADES:PLATINUMShort
by FOREXN1
PLATINUM - Close To Breakout 🧐This chart could easily be overlooked as noise with not much coherent but with simple use of the Supply Line we can see that many breakaway shakeouts (arrows) have already happened. And now much further down the line with liquidity behind it depleted; there is much more chance that there will be a real breakout. Also notice by using a lower trendline the price is close to an apex. This also increases the odds of a full breakout. This is great for " XYZ" " (client only) as both " X " and Platinum are looking bullish and it is still a deep value buy right now; could be a pump coming soon. Its become a great moment for metals and related stocks 👍.
TVC:PLATINUMLong
by dRends35
4
Lord MEDZ's Trading Blog: The Future of PlatinumDear GreatSouls, Welcome back to another insightful analysis with me, Lord MEDZ. Today, we're diving into the world of Platinum—a precious metal that's often overshadowed by gold and silver but holds significant potential in the trading and investment landscape. In this blog post, I'll share my views on what could be in store for Platinum over the next few years. Current Market Overview As of mid-2024, Platinum has experienced notable volatility, influenced by factors such as industrial demand, geopolitical tensions, and shifts in global economic policies. Unlike gold, which is primarily seen as a safe-haven asset, Platinum has a dual role as both an investment asset and an industrial metal. This unique position means its price movements are influenced by a combination of economic growth prospects and market sentiment towards precious metals. Key Factors Influencing Platinum Prices Industrial Demand: Platinum's primary use is in the automotive industry, specifically in catalytic converters for vehicles. With the global push towards greener technologies and electric vehicles (EVs), there's a common misconception that Platinum demand might wane. However, the reality is more nuanced. While EVs don't use catalytic converters, the demand for fuel cell vehicles (which use more Platinum) is expected to rise. Additionally, the hydrogen economy is emerging as a significant driver for Platinum demand due to its use in hydrogen fuel cells. Supply Constraints: South Africa and Russia are the two largest producers of Platinum. Any geopolitical instability or mining disruptions in these regions can significantly impact supply, leading to price spikes. Additionally, the challenges faced by the mining sector, including labor strikes and regulatory changes, play a crucial role in influencing Platinum's availability and price. Economic Factors: As a precious metal, Platinum is also seen as a hedge against inflation and economic uncertainty. Central bank policies, interest rates, and global economic health are all factors that can drive investment demand for Platinum. Technological Advances: Innovations in industrial applications, such as advancements in medical technologies and renewable energy solutions, are creating new demand avenues for Platinum. As these technologies become more mainstream, the demand for Platinum is likely to increase. Forecast for the Coming Years Short-Term Outlook (1-2 years) In the short term, I expect Platinum to experience moderate price growth, driven by steady industrial demand and potential supply disruptions. The ongoing transition to greener technologies and the push for sustainability will continue to support Platinum prices. However, market volatility remains a risk due to geopolitical factors and economic uncertainties. Medium-Term Outlook (3-5 years) Looking further ahead, the medium-term prospects for Platinum appear more promising. The global shift towards a hydrogen economy is expected to gain momentum, significantly boosting Platinum demand. Moreover, technological advancements in various industries will create additional demand pressures. Platinum's price could see substantial appreciation as these factors converge. Investment in Platinum might become more attractive compared to gold and silver, particularly for those looking to diversify their portfolios with metals that have robust industrial applications. Long-Term Outlook (5+ years) In the long term, the potential for Platinum is vast. As the world increasingly embraces sustainable energy solutions, the demand for Platinum in fuel cells and other green technologies is set to soar. Additionally, ongoing supply constraints and the challenges of expanding mining operations will likely keep prices elevated. Investors who are patient and strategic could see significant returns as Platinum becomes a cornerstone of the new energy paradigm. Conclusion Platinum is positioned uniquely at the crossroads of industrial demand and precious metal investment. Its future is closely tied to technological advancements and the global shift towards sustainability. For traders and investors, keeping a close eye on developments in these areas is crucial. I appreciate your feedback on this analysis. Your insights and discussions help us all become better informed and more strategic in our trading endeavors. Until next time, keep safe and happy trading! Warm regards, Lord MEDZ
FX_IDC:XPTUSDLong
by Skinwah
After the gold rush, it's time for the platinum fury!Platinum is following a ~1111 Days time cycle, roughly ~160 weeks, and it recently formed a bottom near ~$840 in October 2023 After correcting for ~13 years from 2007 to 2020, platinum finally intiated a new impulse wave in 2020, however, this impulse wave was short-lived and soon came to an end. Now, platinum is completed its 2nd wave and is ready for its 3rd wave which often turns out to be the fastest and largest of the 5 elliot waves! Here's the trade Buy @ CMP (~$1070) Stoploss @ 900 Target @ $1500
TVC:PLATINUMLong
by aryan_chandel_tanx
2
PLATINUM XPTUSD Bearish Robbery Plan to make money 🤑💰Hola Platinum Robbers, This is our master plan to Heist Bearish side of PLATINUM XPTUSD market. kindly please follow the plan i have mentioned in the chart focus on Short entry, New entry traders pls enter only in pullback of smaller timeframe then enter to rob the money. Our target is Green Zone that is High risk Dangerous area Consolidation will happen. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
OANDA:XPTUSDShort
by Thief_Trader
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