XPTUSD Strong buy on this 1W MA50 rebound.

8月2日

Our April 24 analysis (see chart below) on Platinum (XPTUSD) saw us struck Gold as we caught the exact Bullish Megaphone bottom which hit our 1060 Target:

The situation isn't all that different now as Platinum got close to those April levels, with last week's Low marginally breaking below the 1W MA50 (blue trend-line), managing however to close the candle above it.

This has been followed with a strong green 1W candle this week, which we expect to be the technical rebound towards at least Resistance 1 if not a new Higher High. Our Target is slightly lower than this at 1095.00.

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