FX.co ★ Exploring PLF (Platinum Futures) in Forex Trading: Opportunities and Insights

Analysis and forecast for trading instrument #PLF based on technical analysis This week, the Platinum trading instrument moved within a descending trend and actually showed a decent decline. Overall, there is still potential for movement to the South, so in the near future we can expect the price to test the round level of 1700. Although personally, the 1500 mark is bothering me, so there is a chance that we might see that level in the future, although it may take quite a long time. The entry point here is more complicated, because the trading instrument #PLF closed the week on Friday at its lows, so the first half of the new week may involve a correction and bears will simply have to sit on the fence and wait for a pullback of quotes at least towards the resistance level of 1820, although the 1850 mark looks much more interesting. Of course, it is possible to assume that the decline will continue on Monday, but this is unlikely to benefit the bears, as it is unclear where to simply place stops, and I believe that such a movement will be more of an inertia, so we are unlikely to go too deep.