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[Platinum]
It is clearly seen that both EMAs form a Golden Cross followed by RSI(14) is in the Neutral-Bullish area, so there is a high probability today that Platinum will strengthen toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 2091.2
2. Resistance. 1 : 2044.3
3. Pivot : 1960.2
4. Support. 1 : 1913.3
5. Support. 2 : 1829.2
Tactical Scenario
Positive Reaction Zone: If the price holds above 1960.2, the move will likely advance toward 2044.3.
Momentum Extension Bias: If 2044.3 is broken, there is potential to reach 2091,2.
Invalidation Level / Bias Revision
The upside bias weakens if the price falls below 1558.44.
Technical Summary
EMA(50) : 1960.2
EMA(200): 1932.4
RSI(14) : 51.83
Economic News Release Schedule:
Tonight the United States will release one economic data point which is ISM Services PMI at 21:00 WIB.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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