PLATINUM - Sell Setup at Key Resistance Zone
XPTUSD is approaching a significant resistance zone, an area where sellers have previously stepped in to drive prices lower. This area has previously acted as a key supply zone, making it a level to watch for potential rejection.If price struggles to break above and we see bearish confirmation, I anticipate a pullback toward the $1,021 level.
However, a strong breakout and hold above resistance could invalidate the bearish outlook, potentially leading to further upside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
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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.