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[Platinum]
With all technical conditions showing strength for Platinum which means that buyers are dominan, then #PLF will test its nearest resistance level.
Key Levels
1. Resistance. 2 : 2392.5
2. Resistance. 1 : 2336.5
3. Pivot : 2272.5
4. Support. 1 : 2216.5
5. Support. 2 : 2152.5
Tactical Scenario
Positive Reaction Zone: If the price holds above 2272.5, there is a strong likelihood #PLF will rise toward 2336.5.
Momentum Extension Bias: If 2336.5 is broken, it is likely to test 2392.5.
Invalidation Level / Bias Revision
The upside bias weakens if Platinum falls and closes below 2152.5.
Technical Summary
EMA(50) : 2309.1
EMA(200): 2278.7
RSI(14) : 71.37
Economic News Release Agenda :
Today there are no economic data releases from the United States
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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