Platinum: ⬇️ Sell
– Platinum reversed from resistance zone
– Likely to fall to support level 1700.00
Platinum recently reversed down from the resistance zone located between the resistance level 1900.00 (which has been reversing the price from August), 61.8% Fibonacci correction of the downward impulse from May and the resistance trendline of the daily up channel from July.
The downward reversal from the resistance level 1900.00 stopped the earlier impulse wave C of the intermediate ABC correction (2) from July.
Platinum can be expected to fall further to the next support level 1700.00 – low of the previous minor correction of the start of this month.
, 61.8% Fibonacci correction of the downward impulse from May and the resistance trendline of the daily up channel from July.){kind=link}