Platinum: ⬆️ Buy
– Platinum reversed from support zone
– Likely to rise to resistance level 1900.00
Platinum recently reversed up from the support zone between the lower daily Bollinger Band, 50% Fibonacci correction of the upward wave A from June and the support trendline of the daily up channel from July.
The upward reversal from this support zone started the active short-term impulse wave C, which belongs to the intermediate ABC correction (2) from June.
Platinum can be expected to rise further to the next resistance level 1900.00 – top of the previous wave A and the target for the completion of the active ABC correction (2).
