Platinum Wave Analysis 18 November, 2020

• Platinum reversed from support level 917.00

• Likely to rise to 987.00

Platinum today reversed up from the support level 917.00 (former strong resistance level which has been reversing the price from the start of October).

The upward reversal from the support level 917.00 continues the active upward impulse wave C – which belongs to the ABC correction (2) from September.

Platinum is likely to rise further toward the next support level 987.00 (former monthly high from September and the target for the completion of the active impulse wave C).