Categories: Technical analysis

Platinum Wave Analysis – 08 April, 2019

  • Platinum broke key resistance level 880.00
  • Further gains are likely

Platinum recently broke through the key resistance level 880.00 (which has been steadily reversing the price from the start of November).

The breakout of this resistance level 880.00 led to the latest breakout of the next resistance level 912.00 (which reversed the price in last May) – which should accelerate the active short-term impulse wave 3.

With the rising daily Momentum, Platinum is expected to rise further and re-test the next resistance level 930.00 (monthly high from May).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: PTUUSD

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