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Platinum Wave Analysis – 31 December, 2019

  • Platinum broke the resistance area
  • Likely to rise to 1000.00

Platinum recently broke the resistance area lying between resistance level 960.00 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the previous ABC correction (B) from September.

The breakout of this resistance area accelerated the active impulse waves 3 and (C).

Platinum is expected to rise further toward the next strong round resistance level 1000.00 (which stopped the sharp uptrend in September) – from where the price is likely to correct down.

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