$XPT vs. $USD Eyes Support @ 999.80 | $AUD $CAD $CHF #XPT $XAU
Friends,
PREDICTIVE MODEL:
Predictive/Forecasting Model eyes the following probable bearish target:
- TG-Lo = 999.8 - 11 JUN 2015
MARKET GEO:
In terms of market geometry, overlay of 2 Geos is pointing to the nearing of a probable support in this long-term MONTHLY chart.
The 1-3 Line of the smaller Geo is likely to play a significant impact on future price action, and might be considered as a trigger line when watching for further price advance.
However, the underside extension of the larger Geo remains the true Line-In-The-Sand against any advance, but price is likely to remain at a distance from these levels for a while.
OVERALL:
This represents a long-term play. In terms of Forex relevance, platinum is one of the rarest metal, and has the tendency to move or often lead the way among other precious metals. As this analysis suggests that a nadir is near or may have been reached, one should perhaps look at gold-sensitive Forex pairs, such as
AUD, CCAD, CCHF for a near-correlation in price action. Do not expect a one-to-one correlation, but a monthly or weekly chart could point to comparable tendencies - HINT: Look for a widening in platinum vs. gold as one possible leading indicator.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
Twitter:
David Alcindor
-----
.
PREDICTIVE MODEL:
Predictive/Forecasting Model eyes the following probable bearish target:
- TG-Lo = 999.8 - 11 JUN 2015
MARKET GEO:
In terms of market geometry, overlay of 2 Geos is pointing to the nearing of a probable support in this long-term MONTHLY chart.
The 1-3 Line of the smaller Geo is likely to play a significant impact on future price action, and might be considered as a trigger line when watching for further price advance.
However, the underside extension of the larger Geo remains the true Line-In-The-Sand against any advance, but price is likely to remain at a distance from these levels for a while.
OVERALL:
This represents a long-term play. In terms of Forex relevance, platinum is one of the rarest metal, and has the tendency to move or often lead the way among other precious metals. As this analysis suggests that a nadir is near or may have been reached, one should perhaps look at gold-sensitive Forex pairs, such as
AUD, CCAD, CCHF for a near-correlation in price action. Do not expect a one-to-one correlation, but a monthly or weekly chart could point to comparable tendencies - HINT: Look for a widening in platinum vs. gold as one possible leading indicator. Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
-----
Twitter:
4xForecaster
Twitter:
David Alcindor
-----
.
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