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Platinum Wave Analysis – 19 September, 2019

  • Platinum reversed from support area
  • Further gains likely toward 963.00

Platinum recently reversed up from the support area lying between the support levels 928.00 (which stopped the earlier waves (iv) and (a)), 920.00, 50% Fibonacci correction of the previous upward impulse from August and the upper trendline of the recently broke up channel from June.

The upward reversal from this support area stopped the earlier short-term impulse wave (c).

Platinum is expected to rise further and retest the next resistance level 963.00 (top of the previous correction (b) from the middle of September).

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