PLATINUM - Blade Runner

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I guess a few of you missed the last weeks' big opportunity in gold. But as you know there is always another trade. In this idea I will show you how this trade can overperform our next gold long trade.
While we are shorting gold and waiting to print a DCL there's always worth looking around the metal sector which will switch from the late runner to a blade runner.
Platinum is an interesting asset.
There were times Platinum was more expensive than gold...

If you watch the comparing idea chart closely you will see that the two metals were moving in the tandem in the past.
In the last intermediate cycle ( highlighted by purple verticals the previous ICLs and red arrows the DCLs) platinum was catching up only in the 3rd daily cycle and it printed the big gains in a few days. As we are preparing to catch gold's DCL it's worth watching platinum also because this time it might rally hard in the 2nd DCL and not the third.
I already started to take positions in platinum.
As I'm shorting gold the margin requirements are quite cheap in a platinum long position. So this is a type of hedge against our gold shorts with platinum longs which probably has much bigger potentials in the second daily cycle than gold.

It might start to run 2-3 days from now - when gold prints its DCL - or it might print an undercut DCL first and start the big rally after that.
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I think platinum is going to finish the present intermediate cycle at minimum 1022 maybe higher.

( IMPORTANT : Platinum has higher spreads and higher margin requirements than gold, before you buy check it with your broker, or start a smaller position)
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This call is for the sophisticated traders. Platinum might drop to 785$ - 30$ from here - (even when gold is rallying) before starting to move up. If you short gold right now it's OK to start a platinum long but if you have no position I don't suggest to go heavily in a platinum long . Wait till gold prints the DCL and you have your protection against a big 30$ drop.
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It seems no undercut is coming.
It was a fantastic setup with the gold shorts.
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And the rally continues.
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Platinum is close to the breakout too:
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Nice rally today despite the strong dollar.
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交易结束:到达目标
I’ve reached my target in platinum above 900. I started this trade on 27 June.
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I’ve made More than 1000 pips on this trade.
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Topped out:
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