Platinum - H&S incoming ? Watch out
Technical analysis
In the daily chart platinum approaches the 200 day moving average line which is a significant resistance (at 875 $ - 880 $). I expect from here again a correction / insert of the C correction wave down to $ 820. From here I expect again strong bullish growth because platinum is as already mentioned only about $ 50 from the 10 year price low.
MACD: bearish crossing of the base lines
RSI: looks like bearish trend reversal
In the daily chart platinum approaches the 200 day moving average line which is a significant resistance (at 875 $ - 880 $). I expect from here again a correction / insert of the C correction wave down to $ 820. From here I expect again strong bullish growth because platinum is as already mentioned only about $ 50 from the 10 year price low.
MACD: bearish crossing of the base lines
RSI: looks like bearish trend reversal
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.
