Platinum wave fifthPlatinum coin came for completion of wave fifth now it has shown divergence on rsi signalling for wave five
About Platinum (XPTUSD)
Platinum as an investment has a much shorter history in the financial sector than does either gold or silver, which were known to ancient civilizations. Experts posit that platinum is about 15-20 times scarcer than gold, on the basis of annual mine production. Because of this fact, platinum has nearly always tended to sell at a significant price premium to gold. More than 75% of global platinum is mined in South Africa.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, the price of platinum tends to decrease because of reduced demand, falling below the price of gold, partly due to increased gold prices.
Good fortuneXPTUSD broke the descending trending line and retest as well.
now the current structure is a Swing, and even trend reversal is done.
At daily there is a inverted H&S pattern, the red mark is the target of inverted H&S.
Monthly structure Target : 1473(43000 pips)
Daily structure Target : 1143
PLATINUM 4 HOUR ANALYSIS🎆hello traders
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Platinum Update: Profit=128513 SL=19901 Reward/Risk > 6.5:1 Trade Setup summary:
Profit targets=128513 pip (4059 + 6584 + 9744 + 15994 + 23224 + 29189 + 39719)
Stop Loss =19901 pip
Reward/Risk > 6.5: 1
Current Status:
Total Profit: 122387 pip
Closed trade(s): 20387 pip Profit
Open trade(s): 51000 pip Profit
Trade Setup:
We o
There is possibility for the beginning of an up trend in XPTUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Platinum/USDollar is in a range bound and the beginning of uptrend is expected
The price continues to riseOn the XPTUSD: D1 daily time frame the resistance line has crossed the downtrend. Various technical analysis indicators generated an uptrend. Additional supply growth can be achieved in the event of increased demand for precious metals.
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Displays a symbol's price movements over previous years to identify recurring trends.