Platinum recently reversed up from the support zone lying between the key support level 931.00 (low of the previous wave (a)), upper trendline of the daily up channel from June and the 38.2% Fibonacci correction of the previous upward impulse 3 from August.
The upward reversal from this support zone started the active short-term wave (b), which belongs to wave 4 of the sharp impulse wave (C) from May.
Platinum is expected to rise further and retest the next major resistance level 1000.00 (top of the previous impulse wave 3).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
