Platinum Wave Analysis – 9 September, 2020
September 09, 2020 @ 17:31 +03:00
• Platinum reversed from support level 890.00
• Likely to rise to 950.00
Platinum recently reversed up from the support level 890.00 (which also reversed the price sharply in July) – intersecting with the support trendline of the daily up channel from March.
The upward reversal from the support level 890.00 continues the active multi-month uptrend from the middle of March.
Platinum is likely to rise further toward the next resistance level 950.00 (which stopped the previous ABC correction (2) in August).