There is possibility for the beginning of an up trend in XPTUSD

3 ביולי 2020

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. Platinum/ USDollar is in a range bound and the beginning of uptrend is expected.
. The ascending flag taking shape suggests we will soon see another leg higher.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 50.

Take Profits:
TP1= @ 837.90
TP2= @ 863.15
TP3= @ 894.75
TP4= @ 957.25
TP5= @ 1029.55
TP6= @ 1089.20
TP7= @ 1194.50

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