Long

PLATINUM: Best sell signal of the past 30 days.

Platinum is heavily bullish on its 1D technical outlook (RSI = 65.879, MACD = 18.220, ADX = 36.308) as it trades on the bullish wave of the 2 month Channel Up. With the support of the 4H MA50, the price is very close to the top of the pattern. The bullish wave before that, topped upon a +12.17% rise and then pulled back almost to the 0.5 Fibonacci level and the 4H MA200. The current level is already great for a sell entry (if you want you can wait until the RSI gets overbought) and out target (TP = 1,020) is above the 0.5 Fib as the 4H MA200 this time is rising more aggressively than on the previous bullish wave.

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