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Mihai_Iacob
Dec 7, 2020 8:36 AM

Platinum- 1200 on medium term? Long

PlatinumOANDA

Description

November was quite a month for Platinum with the price rising 30%, but most importantly with a significant break above 1000 psychological and technical resistance, a resistance that held since 1017.
At this point, the price is in a normal and necessary correction, and confirmation of 1k as new support would bring bulls into the market and the price can rise to the next important zone at 1200.
Buying at 1010-1020 zone could be a great trade for the medium-term and only a drop under 950 would change this bullish outlook
Comments
ProjectSyndicate
interesting setup. let's get it!
Fisher_Fx
Seems like a retest and more upside movement
Mihai_Iacob
@Fisher_Fx, Yes, for certain
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