• 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).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies