Trade Alert
Looking at the daily chart of Platinum, the precious metal is trading below the medium-term upside support line taken from the low of August. For now we stay put, but if the price falls below the 780 hurdle and the daily candle closes below it as well, we sill then target slightly lower areas, like the 765, or even the 755.
If Platinum gets back above the aforementioned upside line and travels above the 800 barrier, this could invite the bulls back and lift the commodity higher.
Please see the chart for details.
Don't forget your stop-loss.
Looking at the daily chart of Platinum, the precious metal is trading below the medium-term upside support line taken from the low of August. For now we stay put, but if the price falls below the 780 hurdle and the daily candle closes below it as well, we sill then target slightly lower areas, like the 765, or even the 755.
If Platinum gets back above the aforementioned upside line and travels above the 800 barrier, this could invite the bulls back and lift the commodity higher.
Please see the chart for details.
Don't forget your stop-loss.