Platinum Wave Analysis – 22 June, 2020

• Platinum reversed from support zone

• Likely to rise to 875.00

Platinum recently reversed up from the support zone lying between the support level 820.00 (former strong resistance from April), lower daily Bollinger band and the 50% Fibonacci retracement of the impulse wave C from April.

The upward reversal from this support zone started the active short-term corrective wave 2. Platinum is likely to rise further toward the next round resistance level 875.00 (top of the previous minor correction (iv) from the start of June).