FX.co ★ Technical analysis of Platinum

Platinum (#PLF):

The chart shows the movement of platinum in the daily (D1) chart.

Comparing the recent price movement to that of July 22's, it is clear that #PLF reached the key resistance level of $929.8 and attempted to break through it, as expected.

Two scenarios could happen in the quotes. First is an adjustment to $889.2-$865.0, while the second is the breakdown of the key resistance level and move towards $997.5-$1009.0.

Good luck!