Technical Analysis:
As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel.
We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation...
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 has reached an important poi. Could be poised to take a fall.
It may take some time, as the USD has been weakened by slightly better inflation news, so we'll see.
The D1 momentum is bullish , currently, so waiting for confirmations for sells is the best course of action.
Look for bearish price action at current levels.
