0
0
May 25, 2021 at 04:01PM
• Platinum reversed from support level 1173.00
• Likely to rise to resistance level 1275.00
Platinum recently reversed up from the support level 1173.00 (former low of wave 4 from April) – standing near the lower daily Bollinger Band and the 38.2% Fibonacci correction of the sharp upward impulse from December.
The upward reversal from the support level 1173.00 started the active intermediate impulse wave (3).
Given the multi-month uptrend – Platinum can be expected to rise further toward the next resistance level 1275.00 (top of the previous impulse wave (1)).
From: The FxPro News Team https://fxpro.news/technical-analysis/platinum-wave-analysis-25-may-2021-20210525/
Selected by fonecable.com
Search Web: Platinum Wave Analysis – 25 May, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
