Platinum Wave Analysis – 7 January, 2022


• Platinum reversed from round resistance level 1000.00

• Likely to fall to support level 910.00

Platinum recently reversed down from the key round resistance level 1000.00 (which has been reversing the price from November).

The resistance zone near the resistance level 1000.00 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse (1) from last month.

Platinum can be expected to fall further toward the next support level 910.00 (which has been reversing the price from September).

Source: Fxpro

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