10:24 AM · 25 August 2020

❗ Technical alert : Platinum 💍📈

Looking at the platinum chart from a technical point of view, one can see that the price bounced off the key support recently ($900 area). Green zone on the chart is marked with the lower limit of 1:1 structure and previous price reactions. This area is also strengthened by the upward trendline. As long as platinum is trading above, upward move looks to be the base case scenario. The nearest resistance lies at $1,025, where the YTD highs are located.

Platinum D1 interval. Source: xStation5

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