- possible short from 862.10 - we have fan pattern in the game
- best sell entry from 836
- possible target to reach: 1. 825 and 2. 810
- BUY/LONG from 865.30 to 885
**updates will be available in the comments section as price-action develop.
Regards, GoldfXcc Team
this will probably break out to the upside and play catch up because of silver and gold. I probably wont sell at the $1000 level and hold long term as it will suggest a long term trend change.
The descending purple line is a connection of monthly closes, we recently had our 1st weekly close above it. - Good enough for me.
Many shorts probably trapped down low...
Platinum has been trading within a bullish Megaphone pattern on 1W that is has now completed its bearish leg and is consolidating on the Higher Low zone (RSI = 45.796). We are expecting this consolidating to form the 1D Support for the next bullish leg towards the next Higher High. This is calculated to be around +18/19% from the current levels based on a +8%...
From here price should form a duble TOP or can break it.
-If breaks, put sl below the red area and 1st TP at 870 area;
if it get rejected, sl above the red area and tp at 830 area.
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