Platinum (spot) intraday: the upside prevails as l

Platinum (spot) intraday: the upside prevails as long as 1233.9 is support

XPTUSD

Trading Central 2021-02-24 12:42:14

1233.9 is our pivot point.

Our preference: the upside prevails as long as 1233.9 is support.

Alternative scenario: the downside breakout of 1233.9 would call for 1212.1 and 1199.1.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Platinum (spot) is trading above both its 20 and 50 period moving average (respectively at 1248.6 and 1251.1).

Supports and resistances:

1316.8 **

1303.8 *

1290.8 **

1277.8

1251.3 last

1242.4

1233.9 **

Disclaimer

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