Platino Dollari Analisi Tecnica | Platino Dollari Trading: 2019-06-04 | IFCM Italy
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Platino Dollari Analisi Tecnica - Platino Dollari Trading: 2019-06-04

Precious metals continue to rise in price

The GFMS agency notes that global demand for platinum increased by 2% last year. Will the XPTUSD quotations increase?

In 2018, the demand for platinum in the global glass industry grew by 37%, in the electronics industry - by 17% and in the chemical industry - by 18%. In total, industrial use accounts for 70% of global platinum demand. In particular, it is used in the creation of high-quality optics, special glasses and fiberglass. Currently, all precious metals, including platinum, are becoming more expensive. Investors see them as defensive assets amid intensified global trade wars and plans for the US Federal Reserve to lower the rate.

XPTUSD

On the daily timeframe XPTUSD: D1 exceeded the resistance line of the downward trend. Various technical analysis indicators have generated an uptrend signal. Further growth of quotations is possible in case of an increase in demand for precious metals.

  • The Parabolic indicator shows an uptrend signal.
  • The Bolinger bands widened, indicating high volatility.
  • The RSI indicator is above the 50. It has formed a divergence to increase.
  • The MACD indicator gives a bullish signal.

The bullish momentum may develop in case if XPTUSD exceeds its last maximum: 821. This level may serve as an entry point. The initial stop loss may be placed below the last two lower fractals and the Parabolic signal: 14,25. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place a stop loss moving it in the direction of the trade. If the price meets the stop level (785) without reaching the order (821), we recommend to cancel the order: the market sustains internal changes that were not taken into account.

Technical Analysis Summary

PositionBuy
Buy stopAbove 821
Stop lossBelow 785

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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