Platinum (XPTUSD): Lower Buy Opportunity.
XPTUSD has been on a very strong rise in late August almost hitting the 1,020 - 1,045 1M Resistance Zone. Despite trading on bullish 1W technical values (RSI = 64.131, MACD = 26.660, Highs/Lows = 45.6178), the volatility itself is high enough (ATR = 41.0321) to justify a pull back to the 1D Support (890).
This is where we expect Platinum to seek buyers as long as the 1W MA50 (blue line) provides support. Once this pull back is completed we will aim again for the 1,020 - 1,045 Resistance Zone.
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This is where we expect Platinum to seek buyers as long as the 1W MA50 (blue line) provides support. Once this pull back is completed we will aim again for the 1,020 - 1,045 Resistance Zone.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
