InvestingScope
Long

Platinum (XPTUSD): Bullish Megaphone towards a new Higher High.

FX_IDC:XPTUSD   Platinum / U.S. Dollar
Platinum posted a strong rebound on the 871.00 October 2nd low and is currently rising on 1D ( RSI = 62.934, MACD = 2.660, Highs/Lows = 16.6714) towards a new Higher High. The Higher High is designated by the 1M Megaphone pattern it has been trading within since August 2018. The 1D RSI patterns suggest that a new bullish leg may start without needing to make a Higher Low. Our Target Zone is 1,020 - 1,040.

Keep in mind that XPTUSD has just initiated its new multiyear Bull Cycle, and we consider it a top investment in the coming years, a matter we analyzed on our long term analysis below:







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hello teacher is this scenario still valid or can we go down more? thanks cheers
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Thanks for sharing! Careful here
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