Platinum is currently facing resistance near the 20-day SMA as evident from the 3 consecutive doji formations; further on 11th March it ended in a “Gravestone” doji formation signifying sellers at higher levels. RSI has also flattened supporting the above observation and indicating that the uptrend is losing steam. It would be prudent to say that Platinum could decline towards $1,180 and $1,150 while it sustains bellow $1,230.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.