Platinum is ready for a push

While long term us yields have been rising heavily, we saw harsh drops on the precious metals including XAUUSD , XAGUSD and $OANDA:XPTUSD. Platinum has started show reversal movements. The price formed a double bottom and breaking the middle point. RSI also shows the bullish divergence.

Additionally, the ratio between platinum and gold also formed a double bottom, and it breaks through the down trend as well. This is a good sign for all the precious metals. If we look at the previous ratio, platinum is ultra cheap compared to gold. If we are entering the super cyle era for precious metals, platinum is going to be the star of the show.

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