As the case for a reversal & the US Dollar & precious metals continues to firm up, PPLT will be added as an official long swing trade here on the break above the 75.89 resistance level.

PPLT daily Sept 14th

PPLT daily Sept 14th

The price targets for this trade are T1 at 80.22 & T2 at 83.40 with the potential for additional targets to be added if the case for a significant bottom in the precious metals along with a top in the U.S. Dollar continues to firm up. The suggested beta-adjusted position size for this trade is 1.0.

In addition to the break above the 75.89 resistance level on PPLT, we also have the EUR/USD currently backtesting the recently highlighted 1.16582 former resistance, now support level which the currency pair broke out above yesterday. 60-minute chart:

EUR-USD 60-min Sept 14th

EUR-USD 60-min Sept 14th

On a related note, /GC (gold futures contract) continues to bump up against the intersecting 1213 + downtrend line resistance where a breakout still appears likely soon. 60-minute chart:

GC 60-min Sept 14th

GC 60-min Sept 14th

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