Platinum Wave Analysis – 1 June, 2020

• Platinum reversed from support zone

• Likely to rise to 940.00

Platinum recently reversed up from the support zone lying between the support level 850.00 and the 38.2% Fibonacci correction of the previous upward impulse from April.

The upward reversal from this support zone stopped the preceding short-term impulse wave (c) of the ABC correction 4 from May.

Platinum is expected to rise further toward the next resistance level 940.00 (which stopped the earlier sharp upward impulse wave 3).