{"id":9764,"date":"2010-05-27T08:31:26","date_gmt":"2010-05-27T12:31:26","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9764"},"modified":"2010-05-27T08:31:26","modified_gmt":"2010-05-27T12:31:26","slug":"platinum-nears-the-1545-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/27\/platinum-nears-the-1545-level\/","title":{"rendered":"Platinum Nears the $1545 Level"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; Platinum made modest gains yesterday on safe-haven buying on  contiuned worries about euro zone debt, tension on the Korean peninsula  and in the face of expectations of continued dollar strength. However, I  will illustrate below that the platinum may very well be heading for a  reversal. Forex traders can take advantage of this imminent downward  movement by entering short positions at an excellent entry price.<\/p>\n<p>\u2022\tThe technical indicators that are used  are the Relative Strength Index (RSI), Slow Stochastic and Williams  Percent Rang.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the  chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates a bearish cross, signaling  that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  downward pressure.<\/p>\n<p>\u2022\tPoint 4: The Williams Percent Ranges is showing that this pair is  heavily over-bought and may be experiencing strong downward pressure.<\/p>\n<p>Platinum 8-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/platinum-27-5-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/platinum-27-5-2010.JPG\" alt=\"\" width=\"561\" height=\"614\" \/><\/a><\/p>\n<p><strong><em>Forex Market        Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                            Yard.<\/a><\/strong><\/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 Anton Eljwizat &#8211; Platinum made modest gains yesterday on safe-haven buying on contiuned worries about euro zone debt, tension on the Korean peninsula and in the face of expectations of continued dollar strength. However, I will illustrate below that the platinum may very well be heading for a reversal. Forex traders can take advantage &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/27\/platinum-nears-the-1545-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Platinum Nears the $1545 Level&#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-9764","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9764","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=9764"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9764\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}