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FX.co ★ Technical analysis of Platinum

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Forex Analysis:::2022-07-25T12:41:52

Technical analysis of Platinum

Platinum (#PLF):

Technical analysis of Platinum

The chart shows the movement of platinum in the daily (D1) chart on July 22, 2022.

Price movement is turbulent. The blue sloping line (highlighted in bold) at $863.0, together with the downward sloping line (beige), forms a divergence, within which (area marked with a yellow triangle) it is very risky to open trading positions.

If the quote does not break through the boundary of the resistance area of $ 863.0, expect a pullback towards $834.0-$817.0.

The breakdown of these boundaries signals the beginning of a new trend.

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