- Platinum broke key resistance level 858.00
- Further gains are likely
Platinum recently broke through the key resistance level 858.00 (top of wave 2 from the end of November) – which was preceded by the breakout of resistance level 834.00 (top of waves A and (b)).
The breakout of the aforementioned resistance levels 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 880.00 (multi-month high from November).