After yesterday's breakout through the 835-838 resistance, Platinum is now in the correction, I expect a correction down to $ 830 (fibonacci retracements 0,5) from there we could see the next rapid price increase. We are currently in an upward trend channel, but are within a downtrend in the month and week chart. But since we have seen a sudden increase from the 10-year low and have been followed by steady higher highs, we can expect a bullish trend towards the monthly and weekly charts. Possible impending crises also boost the price growth of precious metals.
MACD still bullish but the RSI is changing bearish from here.
Long entry: 830 $
stop loss: 824,35 $
Target 1: 857 $
Target 2: 880 $
MACD still bullish but the RSI is changing bearish from here.
Long entry: 830 $
stop loss: 824,35 $
Target 1: 857 $
Target 2: 880 $
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
