- Platinum reversed from resistance area
- Further losses are likely
Platinum recently reversed down from the resistance area lying between the multi-month resistance level 875.00 (which has been reversing the price from last December) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Shooting Star Doji.
Platinum is expected to fall further and re-test the next support level 840.00 (former resistance from the start of March).