{"id":7042,"date":"2010-02-23T09:49:28","date_gmt":"2010-02-23T14:49:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7042"},"modified":"2010-02-23T09:49:28","modified_gmt":"2010-02-23T14:49:28","slug":"platinum-looks-on-its-way-towards-1550-an-ounce","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/23\/platinum-looks-on-its-way-towards-1550-an-ounce\/","title":{"rendered":"Platinum Looks on Its Way towards $1,550 an Ounce"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; Platinum is currently being traded within a range of $1,520 to $1,550 an ounce. As the chart looks right now, platinum is likely to reach the $1,550 level later on today, with potential to reach even higher.<\/p>\n<p>\u2022 The chart below is the platinum 4-hour chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACD\/OsMA and the Relative Strength Index (RSI). The Fibonacci Retracement levels were used as well.<br \/>\n\u2022 It\u2019s quite clear the platinum is currently traded between the 38.2% level to the 50% level.<br \/>\n\u2022 Both the Slow Stochastic and the MACD are providing a bullish cross, suggesting that the recent bullish move has more steam in it, with potential to reach the $1,550 level.<br \/>\n\u2022 If platinum will manage to breach though the $1,550 level, it is likely to reach towards the $1,578 level.<br \/>\n\u2022 However if it fails to breach it, it has potential to drop down do the $1,520 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/Platinum.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/Platinum.bmp\" alt=\"\" width=\"595\" height=\"632\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; Platinum is currently being traded within a range of $1,520 to $1,550 an ounce. As the chart looks right now, platinum is likely to reach the $1,550 level later on today, with potential to reach even higher. \u2022 The chart below is the platinum 4-hour chart by ForexYard. \u2022 The technical &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/02\/23\/platinum-looks-on-its-way-towards-1550-an-ounce\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Platinum Looks on Its Way towards $1,550 an Ounce&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7042","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=7042"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7042\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}