Platinum ends the trading week at 788 and continues to move as part of the decline. Moving averages indicate a downward trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 810. Where again we should expect a rebound and an attempt to continue the fall of the Platinum rate with a potential target below 700.
Platinum forecast for the week December 24 — 28, 2018
In favor of reducing the quotations of Platinum in the current trading week December 24 — 28, 2018, a test of the downward trend line on the relative strength index (RSI) will be performed. Cancellation of the Platinum fall option will be strong growth and a breakdown of 855. This will indicate a breakdown of the upper boundary of the channel and continued growth of Platinum with a potential target above level 885. Confirmation of the downward trend will be a breakdown of the support area and closing quotes below 760.
Platinum forecast for the week December 24 — 28, 2018 implies an attempt to test the resistance area near the level of 810. Then, the tool will continue to fall below 700. An additional signal in favor of Platinum depreciation will be the resistance line test on the relative strength index (RSI). The abolition of the option of falling Platinum will be a strong growth and a breakdown of the 855 area. In this case, we should expect continued growth.
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