Platinum Wave Analysis – 01 March, 2019

• Platinum reversed from resistance area
• Further losses are likely

Platinum recently reversed down from the resistance area lying between the pivotal resistance level 880.00 (multi-month high from November) and the upper daily Bollinger Band.

The downward reversal from this resistance area completed the previous medium-term ABC correction (2) from December.

With the overbought daily Stochastic – Platinum is expected to fall further and re-test the next support level 860.00.