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Platinum Daily Technical Analysis | 30 August 2017

2017-08-30 07:45 am | Resource: Technical Analysis section | No Views : 308

Platinum broke the resistance level 989 during yesterday's trading and with the achievement of the level of 1003 returned platinum to test the new support level 989 (role exchange base), the SMA 20 is still trading in a bullish direction.

Platinum Daily Technical Analysis | 30 August 2017

RSI 14 is trading in a bullish direction and managed to maintain the highest levels of bull control despite the close below 70 level to show that there are buyers and that platinum corrects only to continue to rise towards the target in addition to the index (adx) positive cross again between the index Green And the red and the main indicator returned to rise again to indicate the strength of the uptrend.
It is expected that, as long as platinum is trading above the symmetrical triangle pattern, it may target the 1022 level, while the breach of 989.90 might target 967.51 levels.
Support: 989.91 - 967.51 - 950.41
Resistance: 1003.65 - 1020.24 - 1030.12
Trend: Up

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