Platinum (spot) intraday: short term rebound towar

Platinum (spot) intraday: short term rebound towards 1281.1

XPTUSD

Trading Central 2021-02-24 05:48:15

Our pivot point stands at 1223.0.

Our preference: short term rebound towards 1281.1.

Alternative scenario: below 1223, expect 1201.4 and 1188.5.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Platinum (spot) stands above its 20 period moving average (1241.6) but below its 50 period moving average (1257.3).

Supports and resistances:

1306.9 **

1294.0 *

1281.1 **

1268.2

1241.9 last

1231.5

1223.0 **

Disclaimer

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