Platinum Wave Analysis – 19 February, 2020

• Platinum broke round resistance level 1000.00
• Likely to rise to 1040.00

Platinum recently broke above the round resistance level 1000.00 – accelerating the active impulse waves 3 and (C).

The breakout of the resistance level 1000.00 continues the active short-term impulse wave 3 which started earlier from the combined support zone surrounding the key support level 960.00 (former resistance level from November).

Platinum is likely to rise further toward the next resistance level 1040.00 (top of the earlier impulse wave 1 and the forecast price for the completion of the active impulse (iii)).