Categories: Technical analysis

Platinum Wave Analysis – 21 July, 2020

• Platinum broke key resistance level 858.50

• Likely to rise to 918.8

Platinum recently broke above the multi-month resistance level 858.50 (former strong support from the start of March).

The breakout of the resistance level 858.50 coincided with the breakout of the 61.8% Fibonacci correction of the previous sharp downward impulse from February.

Platinum is likely to rise further toward the next resistance level 918.8 (previous monthly top from March and the forecast price for the termination of the active impulse wave C).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team

Recent Posts

The dollar does not tolerate dissent

US GDP growth is driven not by the White House, but by AI. The Bank…

22 minutes ago

The crypto market has made a breakthrough

The crypto market surges, hitting new highs, with bullish sentiment for Bitcoin and Ethereum amid…

49 minutes ago

Brent Crude oil Wave Analysis – 13 January 2026

Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…

15 hours ago

USDJPY Wave Analysis – 13 January 2026

USDJPY ⬆️ Buy - USDJPY broke resistance area - Likely to rise to resistance level…

15 hours ago

Exxon Mobil Wave Analysis – 13 January 2026

Exxon Mobil ⬆️ Buy - Exxon Mobil broke resistance level 125.60 - Likely to rise…

15 hours ago

BNB Wave Analysis – 13 January 2026

Brent Crude oil ⬆️ Buy - BNB broke out of sideways price range - Likely…

15 hours ago

This website uses cookies