Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Platinum
XPT/USD
1H
As we can see a descending triangle is almost done.
A descending triangle spots an extension in the upward direction when price breaks out.
Platinum pushes higher to 1990.
FALLING WEDGE
Platinum
XPT/USD
1H
A falling wedge emerges and the price asks for an active move as a sign of a breakout.
When price breaks out, the resulting move could indicate a break in the price direction.
There is a possibility of a further rangebound to 2000 as platinum challenges 1980 hurdle.
DESCENDING CHANNEL
Platinum
XPT/USD
1H
The price creates a descending channel and platinum needs a bit more consolidation as a sign of a breakout.
A descending channel typically indicates a tendency to break in the opposite direction in case if price breaks through the resistance.
Platinum to surge considerably towards 2000 on a breakout of the descending channel amid the commodity reclaims part of the ground lost.
ASCENDING CHANNEL
Platinum
XPT/USD
4H
As we can see an ascending channel is close to being finished and the price is ready to break out.
An ascending channel depicts a compelling price action pattern that has an upward slope that typically spots extending an downtrend once price breaks out.
Platinum is at risk of resuming its decline towards 2000 on a breakdown of the ascending channel.
ASCENDING CHANNEL
Platinum
XPT/USD
4H
An ascending channel has been uncovered, platinum needs a bigger move as a clue of a breakout.
An ascending channel depicts a technical price pattern that is used to predict a change in price direction if price breakdown occurs.
Platinum looks for a setback towards 2050 on a breach of 2080 as gains remain capped.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
The price sets up an ascending channel, the price calls for further active pullback as a clue of a breakout.
An ascending channel describes a bearish pattern that is angled up that spots an extension in the downward direction in case if price breaks through the support.
A rangebound to the 2120 zone is likely on a breach of 2125 as platinum challenges 2125 hurdle.
ASCENDING CHANNEL
Platinum
XPT/USD
1H
It looks like an ascending channel materializes and the price needs a more bearish action as proof of a breakdown.
An ascending channel represents a reliable indicator that is used to signal an upward trend is nearing its end in case if price collapses through the support line.
Platinum to head towards the 2140 mark.
PENNANT
Platinum
XPT/USD
1H
It looks like a pennant is identified.
A pennant typically results in a next move up once price breaks out to the the upside.
It is likely that a rangebound towards 2160 will happen.
PENNANT
Platinum
XPT/USD
1H
Platinum sets up a pennant, the price is about to break out now.
A pennant spots the bulls have run out of steam if price breaks out.
Platinum could attempt a move to the 2100 mark as bears looking for profit.
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