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PLATINUM
With a Golden Cross condition on both EMAs and RSI(14) indicator in the Neutral-Bullish level area, then Platinum has the potential in the near term to test its nearest resistance level.
Key Levels
1. Resistance. 2 : 2100.0
2. Resistance. 1 : 2084.0
3. Pivot : 2056.0
4. Support. 1 : 2040.0
5. Support. 2 : 2012.0
Tactical Scenario
Positive Reaction Zone: If #PLF breaks out above 2056.0, it is likely to move up toward 2084.0.
Momentum Extension Bias: If 2084.0 is broken, #PLF could test 2100.0.
Invalidation Level / Bias Revision
The upside bias weakens if #PLF breaks down below 2012.0.
Technical Summary
EMA(50) : 2055.9
EMA(200): 2038.6
RSI(14) : 56.03
Economic News Release Agenda :
Today the United States will release the following economic data:
US - Cleveland Fed Inflation Expectations - Tentative
US - Existing Home Sales - 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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