technical analysis chart

Technical Breaks, Ideas and Insights – Platinum Price Reached Target Price

The Platinum price has made a short-term positive break by breaking upwards through its downwards sloping resistance level at $915.00.
This positive break could potentially lead to a rally of 10%, in our view.

The Platinum price has breached our target level of USD1030.00.
The next resistance level to test is USD1120.00 in our view.
The MACD is positive.
The Momentum indicator is positive but moving towards overbought territory.