Platinum- New test of 1k zone?
Since the beginning of July, Platinum has been trading in a 100 USD range, between 900 and 1000 USD per ounce (more or less).
The start of September found the price at the bottom of this range and the price has started to rise again.
A first leg up followed and after XptUsd reached 950, a correction started.
Yesterday we had a reversal in price from interim support around 927 and a new leg up could be next.
Bulls are favored as long as the price is above yesterday's low in terms of daily close and, swing traders who target the upper boundary of the race could achieve an impressive 1:3 risk: reward.
As in the case of Silver and Gold, I'm also bullish on Platinum.
The start of September found the price at the bottom of this range and the price has started to rise again.
A first leg up followed and after XptUsd reached 950, a correction started.
Yesterday we had a reversal in price from interim support around 927 and a new leg up could be next.
Bulls are favored as long as the price is above yesterday's low in terms of daily close and, swing traders who target the upper boundary of the race could achieve an impressive 1:3 risk: reward.
As in the case of Silver and Gold, I'm also bullish on Platinum.
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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