$PLATINUM moving towards next level of 1000$

29 Ağu 2019

This is a very long term chart of the Platinum price spanning 2 decades. Interesting how the base has now firmed off the horizontal support level of $750-$800. Looks like we should move to $1000 next which is where price will meet the downtrend resistance which has been in place since the tops in 2008. Should $1000 break (which will be big), we can then expect a move to the next level around $1200 which also coincides with a previous top of 2016 as well as the 200 month moving average.