Poraquitutti

Be Greedy When Others Are Fearful

Long
NYMEX:PL1!   Platin Futures
Hello Traders 👋 👋🏾 👋🏿 👋🏻

Looking at the monthly close on gold, gc1! palladium pa1! and here on platinum pl1! we can see a wick to suggest a continuation move to the upside. Technical analysis suggests bullish price action.

Rsi macd on the daily chart look promising. I believe an initial move to 1010 will confirm the move ultimately to much higher targets of 1125 and beyond. So buy the dip in August at 955.

Trendline on weekly shows further support. Short term resistance is likely to be at the 200 moving average on daily at 1000 dollar zone.

See also xptusd xpdusd xauusd spx ndx

Please check out my modus operandi, my magnum opus. My chef-d'oeuvre masterpiece. My piece-de-resistance. It can be used in the long term as a guide on areas of support and resistance of the spx500usd (s&p futures) i will link to it below 😉

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Ura kievan rus ura 1! March of the Knight's.
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