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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).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/platinum-wave-analysis-9-september-2020-20200909/
Selected by fonecable.com
Search Web: Platinum Wave Analysis – 9 September, 2020
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