Platinum today corrected sharply – breaking through the support area lying between the support level 920.00 and 50% Fibonacci correction of the previous upward impulse from August.
The breakout of this support area accelerated the active impulse wave 1 – which belongs to wave (C) from last month.
Platinum is expected to fall further and retest the next support level 890.00 (former resistance form July and the target price for the completion of the active wave 1).
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
