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28.11.202209:44 Forex Analysis & Reviews: Technical analysis of Platinum

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

#PLF:

Exchange Rates 28.11.2022 analysis

The chart shows the movement of platinum on the hourly (H1) chart.

The metal consolidated at the key support level of $983.5. Technical analysis suggests that it will head towards $1022.0 as long as the support level is not broken by the downward trend. But in case that happens, long positions should be closed due to risks of downward movement towards $968.0-$970.0.

Good luck!

Daniel Liderman
Analytical expert of InstaForex
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