Platinum is moving to 18-months low
Updated
Platinum is moving to 18-months low
Take a look on daily chart there you can see, that 6 days ago price break down key level $878.77 and D1 close under it. It shows that big players have enough power to move it down.
I think the price will continue to move down to key buy zone $813.59. On a weekly chart, we see that it is 18 Months low. Under that level, many traders hide their stops. Big players must hit it before the will turn up a trend.
Near $813.59 Only I will look for a Buy. You need to know that the safest scenario will be if the price will make a fake break of $813.59 and D1 close upper it. That will be a signal for long-term buy with a goal: $1010 or $1180
Daily chart:
Take a look on daily chart there you can see, that 6 days ago price break down key level $878.77 and D1 close under it. It shows that big players have enough power to move it down.
I think the price will continue to move down to key buy zone $813.59. On a weekly chart, we see that it is 18 Months low. Under that level, many traders hide their stops. Big players must hit it before the will turn up a trend.
Near $813.59 Only I will look for a Buy. You need to know that the safest scenario will be if the price will make a fake break of $813.59 and D1 close upper it. That will be a signal for long-term buy with a goal: $1010 or $1180
Daily chart:
Note
Platinum Made fake broke of key weekly level $813, after it, currency rate moved up powerfully. I will look for long near:
$820 - $830
goal: $1010 or $1180
Get access to the private club with VIP signals
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
👉 bit.ly/vip_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
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.