Platinum (spot) ST: the upside prevails as long as

Platinum (spot) ST: the upside prevails as long as 1180.7 is support

XPTUSD

Trading Central 2021-02-24 10:06:13

Our pivot point stands at 1180.7.

Our preference: the upside prevails as long as 1180.7 is support.

Alternative scenario: the downside breakout of 1180.7 would call for 1104.4 and 1059.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. The price is trading above both its 20 and 50 day moving average (respectively at 1198.1 and 1122.6).

Supports and resistances:

1494.1 **

1447.8 *

1401.6 **

1355.4

1260.5 last

1210.7

1180.7 **

Disclaimer

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