After breaking through some tough resistance, Platinum now faces a multi decade downtrend line.
Looking @ it's impressive run over the last weeks, it's probably time for some consolidation or small pull back to support.
I personally would keep a close eye on Platinum for the coming weeks, a weekly close above 1000 would open up the door to more upside.
For now I would wait to let it settle and make some kind of topping structure.
Monthly Chart
Weekly Chart
30-min Chart
Possible set-up to make a short stab? Looks like a H&S pattern, however trading of a 30-min chart in a volatile environment is kind of tricky.
Looking @ it's impressive run over the last weeks, it's probably time for some consolidation or small pull back to support.
I personally would keep a close eye on Platinum for the coming weeks, a weekly close above 1000 would open up the door to more upside.
For now I would wait to let it settle and make some kind of topping structure.
Monthly Chart
Weekly Chart
30-min Chart
Possible set-up to make a short stab? Looks like a H&S pattern, however trading of a 30-min chart in a volatile environment is kind of tricky.