Most Probable Path for Platinum Moving Forward
Platinum may very well be developing a C&H pattern over the longer term, lagging gold and silver's similar pattern
This makes sense, as gold is the cyclical driver of the metals complex.
A pattern of this magnitude would yield a tremendous breakout, and as such, speculators should take below 1000/oz platinum as an opportunity to accumulate, as gold foreshadows the lagging metal's next move.
This makes sense, as gold is the cyclical driver of the metals complex.
A pattern of this magnitude would yield a tremendous breakout, and as such, speculators should take below 1000/oz platinum as an opportunity to accumulate, as gold foreshadows the lagging metal's next move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.