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Platinum Wave Analysis – 01 March, 2019

Platinum Wave Analysis – 01 March, 2019
  • Platinum reversed from resistance area
  • Further losses are likely

Platinum recently reversed down from the resistance area lying between the pivotal resistance level 880.00 (multi-month high from November) and the upper daily Bollinger Band.

The downward reversal from this resistance area completed the previous medium-term ABC correction (2) from December.

With the overbought daily Stochastic – Platinum is expected to fall further and re-test the next support level 860.00.


Source: FxPro

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