Platinum (#PLF):
The chart shows the movement of platinum in the daily (D1) chart.
Last week, #PLF quotes fell to $795.0, the lowest record in 2 years.
Now, it is below the cost of production, so it is likely that a new wave of growth will occur soon.
$818.0 is the current resistance level, and the breakdown of it will lead to an increase to $865.0.
But on the way, investors need to overcome another important barrier, that is, the resistance level of $835.0.
If investors also fail to pass the resistance level of $818.0, platinum will remain trading in a narrow range, most likely near $25 and within the range of the yellow rectangle.
Good luck!
Read more: https://www.instaforex.eu/forex_analysis/320797
Relevance up to 09:00 2022-09-10 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
