The price has decided to drop, redefining thus the shape of the falling channel shape. Now the price is near the bottom band of the formation, but we can already observe the bounce to the upside. Our next target will be the area in the vicinity of 895 level. After reaching the upper band, the price will bounce it off and decline again, towards the vicinity of 838 level.
hey,, as gold and platinum moves usually follows similar direction .recently gold has broken 1300 and is been bearish since then and many people predict that it might go to 1200 or below so if gold is bearish so platinum will also be bearish.Also, I am holding a huge amount of xpt @870. I would love to see platinum to shoot up but I lost hope since it has broken @1300