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Platinum: Descending Channel

XPT/USD, 1 hour    LONG May 19
As we can see a descending channel develops, the price is about to break out. A descending channel is said to depict a useful price pattern that is angled down that can be used to indicate an interruption of a downtrend when price breaks out. XPT/USD does not rule out a move towards the 1080 level on a break above 1074.
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