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Platinum Wave Analysis – 30 September, 2019

  • Platinum broke support zone
  • Likely to fall to 890.00

Platinum today corrected sharply – breaking through the support area lying between the support level 920.00 and 50% Fibonacci correction of the previous upward impulse from August.

The breakout of this support area accelerated the active impulse wave 1 – which belongs to wave (C) from last month.

Platinum is expected to fall further and retest the next support level 890.00 (former resistance form July and the target price for the completion of the active wave 1).

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