mikebiz
Long

Platinum setting up for new move up on weekly

OANDA:XPTUSD   Platinum/U.S. Dollar
54 0 7
Weekly Platinum             is consolidating setting up for a breakout to the upside. Looking at current support at 886.8xx. If support holds at this area, price should continue up based on rhythm of TRIX and TSI.

Monthly TSI and TRIX are turning up. A breakout of price from current weekly consolidation looks to be to upside.

snapshot

Daily chart with weekly consolidation overlay and last daily consolidation channel based on ADX

snapshot
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