PPLT (platinum ETF) gapped above this descending price channel today following a divergent low & appears to be headed to any or all of these price targets in the coming days/weeks. These levels shown are the actual resistance levels & as this is only an unofficial trade for now, those targets are not adjusted for an optimal fill. As such, best to set your sell limit order(s) slightly below the actual resistance level(s) which you are targeting.
PPLT 60-min April 9th
I will take another look at the other precious metals & US Dollar as consideration for adding PPLT, GLD, SLV or GDX as official trade ideas soon. However, gold, silver & GDX are still stuck in within their multi-month sideways trading ranges for now & I’d still prefer to get better read on the next decent trend in the US Dollar before adding any or all of the PM’s as official trade ideas.