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Platinum Daily Technical Analysis | 31 August 2017

2017-08-31 11:25 am | Resource: Technical Analysis section | No Views : 314

Our neutral view of the platinum is where the bearish trend line is breached and re-tested. If buyers succeed in stabilizing above the trend line, bullish hopes will return to the symmetrical triangle target.

Platinum Daily Technical Analysis | 31 August 2017

RSI 14 is trading in a bullish direction but needs to break through the 50 level to support the buyers so far buyers are weak and the proof is that the level of 989.91 $ so far has not broken
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: 967.51 - 950.41 - 916.92
Resistance: 989.91 - 1003.65 - 1020.24
Trend: neutral

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