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September 09, 2020 at 03:31PM

• Platinum reversed from support level 890.00

• Likely to rise to 950.00

Platinum recently reversed up from the support level 890.00 (which also reversed the price sharply in July) – intersecting with the support trendline of the daily up channel from March.

The upward reversal from the support level 890.00 continues the active multi-month uptrend from the middle of March.

Platinum is likely to rise further toward the next resistance level 950.00 (which stopped the previous ABC correction (2) in August).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/platinum-wave-analysis-9-september-2020-20200909/
Selected by fonecable.com

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