Categories: Technical analysis

Platinum Wave Analysis – 24 October, 2019

  • Platinum broke resistance level 910.00
  • Likely to rise to 964.00

Platinum recently broke through the resistance level 910.00 (top of the earlier impulse wave (1)), which was set as the likely upward target in our earlier forecast for this instrument.

The breakout of the resistance level 910.00 accelerated the active medium-term impulse wave (3).

Platinum is expected to extend the gains the next resistance level 964.00 (top of the previous wave (B) from September).

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.

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The FxPro Tech Analysis Team
Tags: PTUUSD

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