Mihai_Iacob

Platinum could rise to 1200 zone

Long
EASYMARKETS:XPTUSD   Platinum / U.S. Dollar
Since the late September low and strong support from 850, Platinum has had a nice rise of around 30%.
On the last trading day of 2022, the price also broke above 1050 resistance and, after confirming this break as a genuine one last week, Friday's candle is a bullish engulfing.
All these are suggesting up continuation and the 1200 zone could be next for Platinum.
Buy dips in the 1070-1080 zone could be a good strategy that also offers 1:2.5 R: R

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