Technical analysis

Platinum Wave Analysis 2 April, 2021

Platinum Wave Analysis 2 April, 2021

• Platinum reversed from support zone

• Likely to reach resistance level 1237.00

Platinum recently reversed up from the support zone lying between the support level 1150.00 (former resistance from January – acting as support after it was broken earlier) and the 38.2% Fibonacci correction of the upward impulse from November.

The upward reversal from this support zone started the active corrective wave 2.

Platinum is likely to rise further toward the next resistance level 1237.00 (top of wave (B) form March and the target for the completion of the active wave 2).

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