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10.02.202608:44 Forex Analysis & Reviews: Platinum has the potential to strengthen toward its nearest resistance level

[Platinum]

Although both EMAs are still in a Death Cross, but with RSI(14) indicator in the Neutral-Bullish level indicates that Platinum has an opportunity to strengthen in the near term.

Key Levels

1. Resistance. 2 : 2216.8

2. Resistance. 1 : 2169.2

3. Pivot : 2101.8

4. Support. 1 : 2054.2

5. Support. 2 : 1986.8

Tactical Scenario

Positive Reaction Zone: If the price breaks above 2169.2, the advance may continue toward 2216.8.

Momentum Extension Bias: If 2216.8 is broken, there is potential for #PLF to reach 2284.2.

Invalidation Level / Bias Revision

The upside bias weakens if the price falls below 1986.8.

Technical Summary

EMA(50) : 2095.5

EMA(200): 2129.1

RSI(14) : 52.83

Economic News Release Agenda:

From the United States the following economic data will be released:

US - ADP Weekly Employment Change - Tentative

US - Core Retail Sales m/m - 20:30 WIB

US - Retail Sales m/m - 20:30 WIB

US - Employment Cost Index q/q - 20:30 WIB

US - Import Prices m/m - 20:30 WIB

US - Business Inventories m/m - 22:00 WIB

US - API Weekly Statistical Bulletin - 04:30 WIB

Exchange Rates 10.02.2026 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2026
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