PLATINUM

With a Golden Cross condition on both EMAs and RSI(14) indicator in the Neutral-Bullish level area, then Platinum has the potential in the near term to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 2100.0

2. Resistance. 1 : 2084.0

3. Pivot : 2056.0

4. Support. 1 : 2040.0

5. Support. 2 : 2012.0

Tactical Scenario

Positive Reaction Zone: If #PLF breaks out above 2056.0, it is likely to move up toward 2084.0.

Momentum Extension Bias: If 2084.0 is broken, #PLF could test 2100.0.

Invalidation Level / Bias Revision

The upside bias weakens if #PLF breaks down below 2012.0.

Technical Summary

EMA(50) : 2055.9

EMA(200): 2038.6

RSI(14) : 56.03

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