Platinum (PL) Price Live
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Platinum FORECASTSview all
Stronger US Dollar & Fed policy Might Pull Precious Metals Into Recession in 2017
As we enter 2017, a further weakness in platinum, gold and silver against the rising US dollar is forecast. Furthermore, the change of the Federal Reserve policy from infinite monetary easing to indirect helicopter money will ultimately raise both inflation and growth, but only through a decline in value of commodities and precious metals. Let’s focus on these three … Continue reading Stronger US Dollar & Fed policy Might Pull Precious Metals Into Recession in 2017
Annual Metals Market Outlook – 2016
All the precious metals, with the exception of palladium and copper, seem to have had almost similar price action during the year 2016 which is only to be expected as the commodities get affected by the same factors that affect one another. So, we saw that gold, silver and platinum started the year low but … Continue reading Annual Metals Market Outlook – 2016
Gold Fundamental Forecast – September 15, 2016
Gold is trading higher in reaction to the weaker U.S. Dollar as investors waited for clues as to the timing of the next Fed rate hike. Based on the CME FedWatch Indicator, investors have concluded that a September rate hike is nearly off the table with the chances sitting at 15 percent just a week … Continue reading Gold Fundamental Forecast – September 15, 2016
Gold Fundamental Forecast – August 11, 2016
December Comex Gold futures rose nearly 1.0% on Wednesday, finishing at $1359.20, up $12.50 as weak productivity data weighed on the U.S. Dollar making dollar-denominated gold a more attractive investment. Precious metal September Comex Silver followed gold higher by posting a 2.82% increase at $20.41 while Industrial metal October Platinum finished at $1196.00, up $38.10 … Continue reading Gold Fundamental Forecast – August 11, 2016
Platinum NEWSview all
No Confidence for Jacob Zuma Equals No Action for the South African Rand
History books are not short of country leaders holding on to their posts, when everything and everyone indicate that they should relinquish power. Back in the day, it was difficult and expensive to rally support and a unified voice from the masses, now, however, thanks to the growth of technology and specifically social media, the … Continue reading No Confidence for Jacob Zuma Equals No Action for the South African Rand
U.S. Stocks Drift Lower as Investors Digest Fresh Manufacturing PMI Data
U.S. equity indices were down on Monday shortly after the cash market opening. The Dow Jones Industrial Average weakened over 100 points early while the S&P traded down about 0.5 percent and the NASDAQ Composite fell about 0.3 percent, before prices started to recover. Traders blamed technical overbought conditions after last Friday’s steep run-up and … Continue reading U.S. Stocks Drift Lower as Investors Digest Fresh Manufacturing PMI Data
What Is The Fall In Precious Metal Prices Trying To Tell Us
Precious metals prices slid yesterday to a two-week low after a mixed bag of U.S. economic data prompted selling ahead of next week’s U.S. Federal Reserve policy meeting. Gold is flat on Friday morning at 1317.15 which indicates that more traders than are thinking that the Fed might raise rates next week while remaining unsure … Continue reading What Is The Fall In Precious Metal Prices Trying To Tell Us
Gold Reverses Higher as Dollar Falls Against Basket of Currencies
Gold reversed course after early weakness to move higher for the session as the U.S. Dollar slipped lower against a basket of currencies and as investors waited for clues as to the timing of the next Fed rate hike. December Comex Gold futures were trading $1326.70, up $3.00 or +0.24% at 1000 GMT. Spot Gold, … Continue reading Gold Reverses Higher as Dollar Falls Against Basket of Currencies
Platinum (PL) Technical Analysis: (1 hour)
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 1011.3 | 1010.9 | 1010.7 |
| MA (10) | 1012.4 | 1011.1 | 1011.8 |
| MA (20) | 1009.6 | 1010.7 | 1010.9 |
| MA (50) | 1013.0 | 1010.3 | 1010.6 |
| MA (100) | 1007.4 | 1005.9 | 1011.0 |
| MA (200) | 993.73 | 993.73 | 1002.5 |
Trend Indicators
| MACD (12,26,9) | 0.3371 |
| ADX (14) | 19.0638 |
| RSI (14) | 49.0227 |
| Williams %R (14) | -52.4648 |
| Stochastic RSI (14) | 5.4067 |
| ROC (10) | -0.2567 |
| CCI (14) | -29.2364 |
| Ultimate oscillator (7,14,28) | 52.7677 |
| Stochastic Fast (14) | 47.5352 |
| ATR (14) | 4.4075 |
| BBands (20) | 14.4582 |
Pivot Points
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | 1005.6 | 1007.0 | 1008.6 | 1010.0 | 1011.6 | 1013.0 | 1014.6 |
| fibonacci | 1007.0 | 1008.1 | 1008.8 | 1010.0 | 1011.1 | 1011.8 | 1013.0 |
| camarilla | 1006.5 | 1006.7 | 1007.0 | 1010.0 | 1013.4 | 1013.7 | 1013.7 |
| woodie | N/A | 754.51 | 503.62 | 757.51 | 506.62 | 760.51 | N/A |
| demark | N/A | N/A | 1009.3 | 1010.3 | 1012.3 | N/A | N/A |
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |