FX.co ★ Technical analysis of Platinum

Platinum

The white metal quotes consolidated in a narrow price band - between the key support level of $1009 and the resistance level of $1022.0, as shown on the chart.

The dynamics may remain in this price range for some time.

In case of a breakdown of the upper limit of the corridor, we should expect a price increase to $1056.0 per ounce.

In the event of a breakdown of the resistance level of $1009.0, the downward trend will continue toward the value of $950.0 per ounce.