Platinum- New test of 1k zone?

Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less).
The start of September found the price at the bottom of this range and the price has started to rise again.
A first leg up followed and after XptUsd reached 950, a correction started.
Yesterday we had a reversal in price from interim support around 927 and a new leg up could be next.
Bulls are favored as long as the price is above yesterday’s low in terms of daily close and, swing traders who target the upper boundary of the race could achieve an impressive 1:3 risk: reward.
As in the case of Silver and Gold, I’m also bullish on Platinum.

Nas100- Drop under 14k after correction

On 13 September I wrote that Nas100 could lose trend line support and, as long as the 15500 zone is intact as resistance, there is a high chance for the index to drop to 14700-14800 zone support.
As we can see from the chart, after a new test of the resistance zone on 15 September, the index started to drop again and, two days ago we had a strong break under the trend line and a dive directly to horizontal support.
At this moment, a correction is probable, but, in my opinion, this rise will be short-lived and should be used as an opportunity for short trades.
In conclusion, rallies above 15k should be sold and the medium-term target for such a trade could be in the 14k zone and slightly under.

#Gold- An important close for the week for OANDA:XAUUSD

If you’ve been following my XauUsd analyses this week, you’ll know that I’m bullish and anticipating a rise in Gold to 1980 in the medium term. While this outlook remains unchanged, recent price action this week has prompted some noteworthy observations:

As depicted on the chart, Gold began the week on an optimistic note but started to decline after touching the 1950 resistance zone. Yesterday, the price also reached the lower boundary of the range, at the 1915 zone, which serves as horizontal support. As of the current moment, it’s trading at 1927, roughly in the middle of this range, leaving room for various possibilities.

As the title suggests, this week’s closing is of great significance. If the bulls manage to regain control today and drive the price back above 1940, the likelihood of a break above 1950 becomes quite high, which would expose my 1980 target as a probable outcome.

Conversely, a weekly close below 1915 or in close proximity to that level would exert downward pressure on the price. In such a scenario, we could anticipate a drop below 1900, heading towards the 1885 support level in the coming week.

To sum it up, my bullish bias remains unchanged, but, as I’ve explained, further confirmation hinges on the price staying above 1940.

Best of luck and happy trading!