- Platinum reversed from the support area
- Likely to rise to resistance level 1350.00
Platinum recently reversed up from the support area between the upper trendline of the recently broken up channel from May (acting as the support after it was broken) and the support level 1250.00.
The upward reversal from this support area continues the active minor impulse wave 5 from the end of May.
Given the strong daily uptrend, Platinum can be expected to rise to the next resistance level 1350.00 (which stopped the previous impulse wave i).
- Likely to rise to resistance level 1350.00
Platinum recently reversed up from the support area between the upper trendline of the recently broken up channel from May (acting as the support after it was broken) and the support level 1250.00.
The upward reversal from this support area continues the active minor impulse wave 5 from the end of May.
Given the strong daily uptrend, Platinum can be expected to rise to the next resistance level 1350.00 (which stopped the previous impulse wave i).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.