MarcoOlevano

$PLATINUM holding key 200wma

Long
TVC:PLATINUM   CFDs on Platinum (US$ / OZ)
200 week moving average is providing quite some level of support on platinum. Feels like the metal is building steam for another move higher? While price continuously traded below the declining 200wma in years before, for the first time in years we are seeing price hold up above this important average, while also seeing the 200wma pointing north which is encouraging. The RSI has also made higher lows since bottoming out during the Covid crash and showing us signs that the momentum is still holding up

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