Platinum prices declined from $1,415 to $1,374, though the metal is currently attempting a rebound. However, analyzing the chart and the current price momentum, a 1:1 corrective scenario—similar to the price movement observed between June 16 and 19—remains at play. The key support zone lies between $1,300 and $1,304 per ounce. The important resistance zone is set near $1390 - $1400 level.
Source: xStation5
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
๐ด Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
Chart of the day: SILVER doesn't give up ๐ Capital flows back to the market ๐
Morning wrap: Indices climb despite shots fired in the Strait of Hormuz ๐ ๐ฅ
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