• Platinum reversed from resistance zone • Likely to fall further Platinum recently reversed down from the resistance zone lying between the key resistance level 860.00 (former strong support from June) and the 50% Fibonacci correction of the previous downward impulse from the middle of June. The downward reversal from this resistance zone started the active minor impulse wave (v) of the medium-term impulse wave 3 from the end of January. Platinum is likely to fall further and re-test the next support level 820.00 – the breakout of which can lead to further losses toward the next strong support at 800.00.
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