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Technicals
Watch Platinum
written on April 28, 2025
The chart below is the daily Gold/Platinum ratio which has formed a classical head and shoulders formation and is currently trading at 3.34 after having reached an all time high of 3.561 on 21st of April 2025.
We live in a crazy world. On the one hand, we can observe how the central bank balance sheets are getting bigger and bigger, the national debt exploding and the interest rates hardly move any more. On the other hand, we have noticed that in the midst of the crisis, share prices are skyrocketing, banks are producing excellent annual financial statements and real estate prices are continuing to rise in some places. The question arises: how long can this go on? Put simply, there are three answers:...
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The head-and-shoulders pattern is believed to be one of the most reliable trend-reversal patterns. It consists of three successive rallies, the second being the highest. The name derives from the fact that on a chart the