Technical analysis

Platinum Wave Analysis – 7 September, 2021

• Platinum reversed from resistance area

• Likely to fall to support level 965.00

Platinum recently reversed down from the resistance area located between the pivotal price level 1023,00 (which has been reversing the price form January) and the upper daily Bollinger Band.

This resistance area was further strengthened by the resistance trendline of the daily down channel from the start of May.

Platinum can be expected to fall further toward the next support level 965.00 (which reversed the price multiple times in August).

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