PLATINUM | Resistance?Thursday, 25 August 2022
13:57 PM (WIB)
I want to analyze the movement of Platinum, regarding it still in the descending box with the lowest price of $731 and the highest price of $952. Now the price moves at the Resistance Lines of this descending box. Actually, the price movement has broken out of this descending box and reached the MA200, and then fall again inside the descending box again. In this situation, Platinum is now at the top of Resistance that possible to create a retracement move. And the price is possible to fall again in the direction of 0.786F or even more low 1F.
But the performance between a descending box with the MACD and Stochastic is still not connected to the strong signal. Keep watch and notes.