XPTUSD: Medium term buy opportunity.
Platinum has been trading within a bullish Megaphone pattern on 1W that is has now completed its bearish leg and is consolidating on the Higher Low zone (RSI = 45.796). We are expecting this consolidating to form the 1D Support for the next bullish leg towards the next Higher High. This is calculated to be around +18/19% from the current levels based on a +8% sequence on Higher Highs. The RSI patterns are also similar. We are going long on the medium term with TP = 937.00.
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