Platinum bullish breakout 2020Based on the price action, this could be one of the best years for platinum since 2007. A break of the confirmed downtrend line and close above it and 200SMA. For extra confirmation, waiting for the close above the $1000 level.
This could be a great long term trade for 2020, targeting $1700 at 61.8% fib level.
Commodities are very bullish at the moment due to brewing conflict between USA and Iran and there seems to be a real threat of war in the air. Investors will seek commodities as safe havens in case of full military action. Not the best start of the new decade...
Good Luck!