Platyna/Dolar USA
Long

PLATINUM Strong Triangle buy opportunity

432
Last time we looked at Platinum (XPTUSD) was more than 2 months ago (January 30, see chart below) getting our expected rise and hitting the 999.50 Target:

PLATINUM Buy signal on the 1D MA50.


This time the price is at the bottom (Support Zone) of the 11-month Descending Triangle pattern, which is a technical buy opportunity. The last Bullish Leg hit the 0.618 Fibonacci retracement level, while the one before the 0.786.

As a result we have a minimum 985.00 Target on this emerging Bullish Leg.

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