[Platinum]
Platinum may be corrected but it is limited so that in the near future Platinum has the potential to strengthen towards its nearest resistance level.
Key Levels
1. Resistance. 2 : 2890.5
2. Resistance. 1 : 2831.5
3. Pivot : 2715.0
4. Support. 1 : 2656.0
5. Support. 2 : 2539.5
Tactical Scenario
Positive Reaction Zone: If XPD/USD (Platinum) breaks and closes above 2831.5, there is potential to test 2890.5.
Momentum Extension Bias: If 2890.5 is broken, XPD/USD may continue its rally toward 3007.0.
Level Invalidation / Bias Revision
The upside bias weakens if XPD/USD breaks and closes below 2539.5.
Technical Summary
EMA(50) : 2735.1
EMA(200): 2565.2
RSI(14) : 72.16
Economic News Release Agenda:
Tonight from the United States the following economic data will be released:
US - Core Durable Goods Orders m/m - 20:30 WIB
US - Durable Goods Orders m/m - 20:30 WIB
