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Platinum Wave Analysis – 30 October, 2019

  • Platinum reversed from support zone
  • Likely to rise to 940.00

Platinum recently reversed up from support area lying between the support level 905.00 (former top of the previous impulse wave (1)) and the 50% Fibonacci correction of the previous upward impulse 1 from the middle of October.

The upward reversal from this support area stopped the earlier short-term corrective wave 2.

Platinum is expected to rise further and retest the next resistance level 940.00 (top of the previous impulse wave 1).

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