Platinum is currently forming a bottom between 820 $ & 830 $ - 820 $ area can now be considered as strong support. We are still under the 200 days MA line which is still bearish. Stoch-RSI and MACD are both bullish and still have plenty room to grow upside. The Ichimoku baselines are still bearish, but look similar to 2008/2009 and 2016 for me (see circled), so I'm expecting further price increases towards $ 885-895 (if the blue line crosses the brown line within the clouds), at 890 $ is the first real resistance and the golden ratio point (0,5 Fib retr.) from fibonacci retracement zone here I expect the first major selloff. I bought Platinum at 800 $ up to 820 $ and will hold it for a while.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
