The Platinum price is rising. As long as the upward movement continues, the level 872 will remain as a significant resistance level placed on the upper band of the smaller (red) diagonal formation. After that the upper band on the bigger diagonal (blue) in the vicinity of 890 will be the next level to test.
The price has entered an oversold area. But it also is losing momentum, so we need to consider a return towards 850 and then 836 support levels.
The price has entered an oversold area. But it also is losing momentum, so we need to consider a return towards 850 and then 836 support levels.