Platinum Wave Analysis 15 September 2023

– Platinum reversed from support level 890.00

– Likely to rise to resistance level 940.00

Platinum recently reversed up from the major support level 890.00 (which has been reversing the price from June) intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 890.00 started the active intermediate impulse wave (3).

Given the strength of the support level 890.00, Platinum can be expected to rise further toward the next resistance level 940.00.