Will Platinum price explode to the upside?
Since the Platinum Bobble burst back in 2008, the price was unable to recover, regardless of the all-time high on other PMs.
However, looking at the weekly posted chart we can see that the low after the burst held extremely strong, and after January's higher low, XptUsd also has broken above the falling trend line.
At this moment the road to 1350 resistance is cleared (medium term) and, a break above this level could lead to further gains to 2k in the long term.
However, looking at the weekly posted chart we can see that the low after the burst held extremely strong, and after January's higher low, XptUsd also has broken above the falling trend line.
At this moment the road to 1350 resistance is cleared (medium term) and, a break above this level could lead to further gains to 2k in the long term.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.