Platinum is moving to 18-months low

26 Jun 2018

Platinum is moving to 18-months low

Take a look on daily chart there you can see, that 6 days ago price break down key level $878.77 and D1 close under it. It shows that big players have enough power to move it down.

I think the price will continue to move down to key buy zone $813.59. On a weekly chart, we see that it is 18 Months low. Under that level, many traders hide their stops. Big players must hit it before the will turn up a trend.

Near $813.59 Only I will look for a Buy. You need to know that the safest scenario will be if the price will make a fake break of $813.59 and D1 close upper it. That will be a signal for long-term buy with a goal: $1010 or $1180

Daily chart:

5 Jul 2018

Catatan

Platinum Made fake broke of key weekly level $813, after it, currency rate moved up powerfully.

I will look for long near:
$820 - $830
goal: $1010 or $1180