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Platinum · XPT/USD

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Platinum: Ascending Channel

XPT/USD, 4 hours    SHORT Nov 13
As we can see an ascending channel is distinguished, the price demands next steady fall as a signal of a breakout. An ascending channel typically indicates a move down when price breaks out. There is a chance of a move towards the 1580 level on a breakout of the ascending channel.

Platinum: Ascending Triangle

XPT/USD, 1 hour    LONG Sep 23
It seems like an ascending triangle is almost finished, the price is about to break out. An ascending triangle tends to be a reliable bullish price signal that often signals the more likely potential of rising prices if price breaks above resistance. A bullish push up towards 1435 is about to happen on a breach of 1430 as door open for the continuation of the uptrend.

Platinum: Bullish Flag

XPT/USD, 1 hour    LONG 2 days ago
There is a bullish flag revealed, the price calls for a bigger move as an indication of a breakout. A bullish flag provides a chart formation that is angled down that signals that the price to go up once price breaks out to the the upside. There is a possibility of a further bullish price action to the 1680 zone.

Platinum: Descending Channel

XPT/USD, 1 day    LONG Apr 29

Platinum: Ascending Channel

XPT/USD, 1 hour    SHORT May 23
An ascending channel occurs. An ascending channel is believed to be a useful chart formation with an upward bias that is used to indicate a bearish move when price breaks out to the the downside. XPT/USD turns bearish towards the 1070 level.

Platinum: Descending Channel

XPT/USD, 1 hour    LONG Jan 18
A descending channel arises, the price lacks a next bullish action to confirm descending channel breakout. A descending channel tends to be a useful bullish price pattern that can be used to identify that the price to go long once price breaks above resistance. XPT/USD to resume its rise towards 900.

Platinum: Rectangle

XPT/USD, 1 hour    LONG Mar 30
A rectangle is close to being completed, XPT/USD requests push up to confirm rectangle breakout. In case if price breaks out to the the upside, the move could indicate a bullish move. There is a chance of a bullish push up towards the 980 mark on a breakout of the rectangle as the commodity looks bid.

Platinum: Ascending Channel

XPT/USD, 4 hours    SHORT Sep 1
As we can see an ascending channel is very close to being finished, the price is going to break out. If price breaks through the support, the move could identify a bearish price action. XPT/USD challenges a move towards 960 as the commodity becomes weak.

Platinum: Falling Wedge

XPT/USD, 4 hours    LONG Mar 30
A falling wedge has been detected. A falling wedge provides a bullish indicator that can be used to indicate that the price to go up if price breaks through the resistance. There is a chance of a bullish run to the 980 zone as indicators turn bullish.

Platinum: Descending Channel

XPT/USD, 1 hour    LONG Dec 12
We can see that a descending channel is very close to being finished and the price is ready to break out. A descending channel identifies a compelling bullish chart signal that can be used to predict a next move up once price breaks above resistance. It is possible that a bullish price action towards 930 will occur.

Platinum: Descending Triangle

XPT/USD, 1 hour    LONG Apr 4
As we can see a descending triangle is almost done, the price is ready to break out. A descending triangle depicts a reliable bullish formation that predicts an extension in the upward direction when price breaks out. A bullish run towards the 1005 zone is about to happen as XPT/USD probes 1000 hurdle.

Platinum: Descending Triangle

XPT/USD, 1 hour    SHORT 3 days ago
A descending triangle is almost finished and the price demands more active push down for the certainty of breakout. A descending triangle typically indicates the bulls have run out of steam once price breaks out. Platinum risks potential downside towards 1650.
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