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Platinum Wave Analysis – 1 June, 2020

Platinum Wave Analysis – 1 June, 2020

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

Platinum recently reversed up from the support zone lying between the support level 850.00 and the 38.2% Fibonacci correction of the previous upward impulse from April.

The upward reversal from this support zone stopped the preceding short-term impulse wave (c) of the ABC correction 4 from May.

Platinum is expected to rise further toward the next resistance level 940.00 (which stopped the earlier sharp upward impulse wave 3).

Platinum Wave Analysis – 1 June, 2020


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