FX.co ★ Technical analysis of Platinum

#PLF:

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!