Major bull flag in Platinum

1 ก.ค. 2020

Platinum is breaking out of a 5-6 week bull flag after tagging its 50 day moving average and reversing from major structure. Precious metals seem to be breaking out in general, but I particularly like the pattern in platinum. I am long all three (gold, silver and platinum).

8 ก.ค. 2020

บันทึกช่วยจำ

July 7th has given us DAILY confirmation.

14 ก.ค. 2020

บันทึกช่วยจำ

I no longer view this bull flag as reliable. More consolidation is needed for an extended move in either direction (which is still likely higher).



I am on the sidelines.

21 ก.ค. 2020

บันทึกช่วยจำ

Platinum now breaking 2 month resistance:

6 ส.ค. 2020

บันทึกช่วยจำ

1k hit. Should see some selling pressure here

1 ต.ค. 2020

บันทึกช่วยจำ

Platinum is still on my watch as it consolidates below 1k. What I'm interested in most is if platinum starts looking more favourable than gold and silver. The spread XPTUSD/XAGUSD and against gold look positive for platinum for the first time in a while. Something to keep an eye on.