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DK_Investment
Sep 27, 2018 7:39 AM

Platinum - bullish long term view Long

PlatinumOANDA

Description

Platinum is currently forming a bottom between 820 $ & 830 $ - 820 $ area can now be considered as strong support. We are still under the 200 days MA line which is still bearish. Stoch-RSI and MACD are both bullish and still have plenty room to grow upside. The Ichimoku baselines are still bearish, but look similar to 2008/2009 and 2016 for me (see circled), so I'm expecting further price increases towards $ 885-895 (if the blue line crosses the brown line within the clouds), at 890 $ is the first real resistance and the golden ratio point (0,5 Fib retr.) from fibonacci retracement zone here I expect the first major selloff. I bought Platinum at 800 $ up to 820 $ and will hold it for a while.
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