Platinum Wave Analysis – 11 August, 2022

• Platinum broke resistance level 955.00

• Likely to rise to resistance level 1000.

Platinum recently broke the resistance level 955.00 (top of wave A from June) intersecting with the 61.8% Fibonacci correction of the C-wave from June.

The breakout of the resistance level 955.00 accelerated the active impulse waves (iii) and C – which belong to wave (B) from June.

Platinum can be expected to rise further toward the next round resistance level 1000.00 (target price for the completion of the active impulse (iii)).