Platinum's Seasonal Bearish Trend: Insights and Strategies

Platinum is entering a seasonal period typically characterized by bearish sentiment, as observed consistently over the past 15 years during this time of year. This historical pattern suggests a tendency for the metal's price to decline during this period.

From a technical analysis standpoint, the price is currently retesting the supply area, which coincides with significant resistance levels. This area also aligns with the 78% and 88.6% Fibonacci retracement levels, adding further weight to the resistance. Additionally, there is a notable RSI divergence, indicating a potential reversal or continuation of the bearish trend.

Given these factors, we are considering a bearish setup for Platinum, leveraging the historical seasonality strategy. This approach aims to capitalize on the anticipated downward movement based on both technical indicators and long-term seasonal trends. By combining these insights, we aim to make informed trading decisions that align with the historical performance and current market signals.