TradingShot

PLATINUM Buy opportunity long-term

Long
FX_IDC:XPTUSD   Platinum / U.S. Dollar
Platinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken, long-term extension to the Feb 2021 Lower Highs.

If on the other hand we break below the 900.00 Support, we will take that minor loss and turn bearish instead towards the 830.00 September 24 2020 Low.



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