Platinum is at a long term log down trend line
from 2008. With the US dollar
now falling I favor this line will soon be broken and uptrend begin. Technical observations that support this idea are: 1. Bullish divergence
in the monthly RSI
. 2. Huge up volume
on the last price drop (seen monthly chart). Volume
spikes often occur at tops and bottoms. 3. Less important but I think the EWT
count is favorable. They may be a brief pullback before a up surge but maybe not.
I see the first target at about 1320, but IFFFFF analysis is correct it may someday exceed the 2300 high.
Take care. Process and trade your way.
Feedback always welcome.