After last week the upward correction failed platinum has made a lower low down to 785 $ which is near very important support 770-780 $. I expect bottom building in this zone and next week start of upward correction above 800 $.
The current platinum price is an indicator of a downturn in the industry and a saturation in the economic cycle.
Stop loss under 783.
Targets are drawn in the chart.
The current platinum price is an indicator of a downturn in the industry and a saturation in the economic cycle.
Stop loss under 783.
Targets are drawn in the chart.
Trade closed: target reached
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.
