Platinum to fall around 7%Like all PMs, Platinum is also under pressure and the last correction was very anemic and well caped in 960 zone.
At this moment XptUsd is sitting on support and I expect this to fall.
The next target for this fall could be 850 zone and only the price back above 960 would lift some weight from the selling side.
As in Gold&Siver's case, I'm strongly bearish Platinum also.
Xptusdanalizi
XPT/USD - Long Term ReversalXPT/USD has for the first time broken above the 200 EMA since the beginning of the year of 2018.
This is a good sign of long term reversal from a bearish trend to a bullish trend.
***We can expect it to move higher up if the current support above the 50 EMA on the 4 Hour holds strong.
Give it some more time for confirmation, and enter as it confirms its support and strength to move up.
Trade safe :)