Platinum trade idea, for the trade war ($XPT)
The idea is that platinum would move between the two-blue line (these are recent daily support and resistance lines). It looks like Platinum founds its bottom and is ready to move up, to the price level of 1020 (which might be a recent resistance line of the weekly) , even do the RSI has not yet curved up it is clearly oversold on the daily.
But last Friday candle shows a bullish sign.
When the situation comes that coming week, the price will fall, there is are strong resistance zone between 893.7 (the weekly support line) and 901,37 (the daily support line). (If this break, it hits my stop loss).
I assume, because of the coming trade war, commodities like gold and platinum will be a save heaven for investors.
My targets are:
1: 1020
2: 1092
3: 1159
Stop loss, below the 890
****This is not an investment advice, this is just a random thought and want to test my own hypothesis of the coming trade war, feel free to comment and join this trade, but remember never invest more than you can lose*****
But last Friday candle shows a bullish sign.
When the situation comes that coming week, the price will fall, there is are strong resistance zone between 893.7 (the weekly support line) and 901,37 (the daily support line). (If this break, it hits my stop loss).
I assume, because of the coming trade war, commodities like gold and platinum will be a save heaven for investors.
My targets are:
1: 1020
2: 1092
3: 1159
Stop loss, below the 890
****This is not an investment advice, this is just a random thought and want to test my own hypothesis of the coming trade war, feel free to comment and join this trade, but remember never invest more than you can lose*****
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