XPTUSD Strong buy on this 1W MA50 rebound.

2 Agu

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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