Platinum Overview Good ol’ XPT closed the week higher. If P action at Mondays open can push P action above this consolidation platinum could have a good week in the green. A hold above this and a follow of the likes of Gold and Silver could see price reach $880 within the next 2 weeks.
If American markets fall, will look to see the precious metals take a slight dip also, however will not fall with as much volatility.
Area of Interest Focusing more on the internals and TA on the charts Platinum must hold the trend line from the lows, break through the inner high trend line freeing itself from the grasps of the last 2 weeks consolidation area. 820 will see some considerable resistance that bulls will have to fight to get higher.
📈Support & Resistance📉* Support Levels 1st Support Zone: 755.484 2nd Support Zone: 713.468 3rd Support Zone: 682.747
Price Level Consideration All Time High Half Way Point: 1151.080 Prominent High: 1020.971 Prominent Low: 563.635 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 918.377 🐻 Bearish below: BEARISH at the moment