Platinum Wave Analysis 15 December, 2020

• Platinum reversed from round support level 1000.00

• Likely to rise to 1080.00

Platinum recently reversed up from the round support level 1000.00 (former powerful resistance from August) coinciding with the 38.2% Fibonacci retracement of the previous upward impulse 3 from October.

The upward reversal from the support level 1000.00 started the active minor impulse wave 5.

Platinum is expected to rise further toward the next resistance level 1080.00 (top of the previous upward impulse wave 3 from the start of December).