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FX.co ★ Technical analysis of Platinum

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Forex Analysis:::2022-11-28T07:44:49

Technical analysis of Platinum

#PLF:

Technical analysis of Platinum

The chart shows the movement of platinum on the hourly (H1) chart.

The metal consolidated at the key support level of $983.5. Technical analysis suggests that it will head towards $1022.0 as long as the support level is not broken by the downward trend. But in case that happens, long positions should be closed due to risks of downward movement towards $968.0-$970.0.

Good luck!

Analyst InstaForex
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