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28.11.202209:44 Forex Analysis & Reviews: Technical analysis of Platinum

#PLF:

Exchange Rates 28.11.2022 analysis

The chart shows the movement of platinum on the hourly (H1) chart.

The metal consolidated at the key support level of $983.5. Technical analysis suggests that it will head towards $1022.0 as long as the support level is not broken by the downward trend. But in case that happens, long positions should be closed due to risks of downward movement towards $968.0-$970.0.

Good luck!

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

Daniel Liderman,
Analytical expert of InstaSpot
© 2007-2024
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