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December 30, 2020 @ 18:18 +03:00
• Platinum broke key resistance level 1064.00
• Likely to rise to 1093.50
Platinum recently broke above the key resistance level 1064.00 (top of the previous minor corrective wave (b) from last week – which was set as the likely upward target in our earlier forecast for this instrument).
Platinum is currently rising inside the multi-impulse upward impulse wave 3 from the middle of December – which belongs to wave (3) from September.
Platinum is expected to rise further to the next resistance level 1093.5 (top of the previous impulse wave 1) – from where Platinum is likely to correct down – due to the overbought daily Stochastic.