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Platinum Wave Analysis – 22 February, 2019

Platinum Wave Analysis – 22 February, 2019
  • Platinum broke key resistance level 834.00
  • Further gains are likely

Platinum continues to rise after the earlier breakout of the key resistance level 834.00 (which has been reversing the price from the start of January, as can be seen below).

The breakout of the resistance level 834.00 accelerated the active short-term impulse wave C of the medium-term ABC correction (2) from December.

Platinum is expected to rise further and re-test the next resistance level 860.00 (high of the previous wave 2 from November).

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Source: FxPro


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