Categories: Technical analysis

Platinum Wave Analysis – 30 June, 2020

• Platinum reversed from round support level 800.00

• Likely to rise to 850.00

Platinum recently reversed up sharply from the round support level 800.00 (low of the earlier impulse wave (iii)) – standing near the lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous wave (c) from April.

The upward reversal from the support level 2670.00 stopped the previous short-term impulse wave (iii). Platinum is likely to rise further toward the next resistance level 850.00 – top of the previous minor correction (ii).

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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