Platinum (PLV15) H&S confirmed. Target is 853.1 by the 07Oct15. Probability H,
Platinum (PLN15) is forming a bottom. A trade above 1100.0 could push the price higher to 1140.0 first and then 1180.0.
Platinum PLN2015 is building energy for the next move - monitor breakout. I favour the long side.
Platinum (PLN15) has potentially formed a bottom and could start moving higher at this stage. Targeting 1234.0 on the median line if buy order triggered.
Chart is very self explanatory, price is looking to retest the 50% Fibonacci resistance area (Confluent with the descending trend line & the Daily 100 moving average). The weekly chart also hints towards a loss in bullish momentum. Looking to short on a retest of resistance upon confirmation of course. Cheers =)
Platinum has been on a steady decline with slow demand. Platinum trades at a discount to gold, a condition that occurred last month. The spread between the two precious metals has tightened, but were at the widest in two years. Platinum, although grouped in with gold and silver as a precious metal, is typically lumped into the industrial group with palladium....
The precious metals markets are looking pretty bullish right now, and I think that platinum might have set in a major base at $1150 in February. It's still too early to determine whether or not the down trend in place since last July is over, but technicals are telling me that a long term low might be established if all metals rally in March. The risk/reward ratio...
I was bullish platinum but last week pullback in precious metal has added another possible scenario. See frequencies on the chart. One the sidelines but closely watching next week developmment. Funds started adding long potitions since Dec14.
Recent short term demand and a tentative l/t cyclical support calculated. However there is a lot of supply above and there is an outside possibility Platinum could see $1050 - 1000 zone. Stay light on the long side.
The platinum/silver ratio indicates right now that silver will likely be the best precious metal to buy at the start of 2015 if all metals start rallying like in January 2014. Please see my previous ideas on silver and on the silver/gold ratio to see why this metal in particular has caught my eye lately. If you're bullish on precious metals right now, give...
sometimes the virtual wedge matches with the gann fan...trying to anticipate the next movement by inverting the gann fan like a mirror
Platinum likely to follow gold and silver in the downtrend till the end of the year.
Bullish Bat Pattern + Rsi Oversold + Bullish Rsi Divergence. I Always set my TAKE PROFIT at the min profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!! BAMM Trades Should Be Traded No Further Than The...
Completed Bat Pattern + Rsi In Oversold Area + Bullish Rsi Divergence. I Always set my TAKE PROFIT at the min Profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!!!!!