S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Facts:
- The EMA50, 100, 200, and 200 averages maintain upward momentum.
- The MACD average has crossed the signal line
- Gold and silver stay near (>5% from ATH) historical highs.
- The gold-to-platinum price ratio has risen above the 5-year average.
Trade: Long Position (BUY) on PLATINUM at market price.
- Target: 1953
- Stop: 1543
PLATINUM (D1)
Source: xStation5
Opinion: The price of platinum is currently at its historical highs, but further growth is justified. Technically, the metal has maintained a strong and stable upward trend since mid-2022. Demand is supported by EMA and MACD averages, with only RSI remaining elevated. An additional confirmation of buyer strength is the crossing of the FIBO 0 level. Fundamentally, attention should first be paid to the gold-to-platinum price ratio. In the period 2020-2024, platinum was traded at a discount to gold at a level of approximately 0.48-0.5 per ounce. Today, however, gold costs ~4330 dollars per ounce and platinum only ~1750. This means that the discount has increased on the platinum side, and the price ratio is now only 0.4 per ounce. Considering the growing interest in platinum as jewelry and investment, along with continuous industrial demand — amid extraction and logistics issues in Russia and South Africa, platinum has significant room for growth.
Methodology and assumptions:
- The recommendation is based on technical analysis of the chart, particularly EMA averages, RSI, Fibonacci levels, MACD, and fundamental analysis of the platinum market.
- The target level was determined based on the dynamics and range of previous upward movements.
- The stop-loss order is based on the FIBO 23.6 level. Falling below this level may indicate a negation of the upward scenario.
