Platinum is bouncing off the low?
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Platinum is bouncing off the long-term bottom 500-800 zone. A clear confirmed break above 1100 would definitely call for more upside and an upside continuation to 1330 and it will mean a clear upside reversal of the long-term downtrend. Opposite to this a break below 900 will invalidate this.
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The weekly chart is showing a rising uptrend channel formed with the first visible resistance at 1100 and support at 980. A break above 1100 is required for a continuation upside to 1200.
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On a daily chart, we can see that the Already a member? This article is so good, it’s for premium members only.
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