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Platinum Wave Analysis – 05 December, 2019

  • Platinum reversed from support area
  • Likely to rise to 920,00

Platinum recently reversed up from the support area lying between the key support level 882.00 (which has been reversing the price from July), lower daily Bollinger Band and the 50% Fibonacci correction of the previous impulse wave (1) from May.

The upward reversal from this support area created the daily candlesticks reversal pattern Hammer Doji.

Platinum is expected to rise further toward the next resistance level 920,00 (which created Bearish Engulfing at the start of December).

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