Platinum (spot) intraday: as long as 1272.3 is sup

Platinum (spot) intraday: as long as 1272.3 is support look for 1332.5

XPTUSD

Trading Central 2021-02-22 12:56:13

Our pivot point is at 1272.3.

Our preference: as long as 1272.3 is support look for 1332.5.

Alternative scenario: below 1272.3, expect 1249.8 and 1236.4.

Comment: the RSI is above 50. The MACD is below its signal line and positive. Prices could retrace in the short term. Platinum (spot) is trading above both its 20 and 50 period moving average (respectively at 1285.5 and 1277.9).

Supports and resistances:

1359.3 **

1345.9 *

1332.5 **

1319.0

1290.6 last

1281.1

1272.3 **

Disclaimer

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