Platinum (Spot) - For now, the structure appears positive in my view and looks ready for a buy/long.
Current: $975
How I'm seeing it:
- Pending break of 2nd channel resistance
- 14-DAY RSI at 55 (pointing up and room to move higher). Also breaching downward trend line.
- MACD trending toward the zero bound (pending cross, up)
- breaking through the moving averages (8, 21 & 50-EMA)
Price action requirements:
- Must hold $965.
Trading Levels:
Upside Pivot (level to clear and hold) = $978
Stop-loss: $959
Target: $1022
Current: $975
How I'm seeing it:
- Pending break of 2nd channel resistance
- 14-DAY RSI at 55 (pointing up and room to move higher). Also breaching downward trend line.
- MACD trending toward the zero bound (pending cross, up)
- breaking through the moving averages (8, 21 & 50-EMA)
Price action requirements:
- Must hold $965.
Trading Levels:
Upside Pivot (level to clear and hold) = $978
Stop-loss: $959
Target: $1022
