Trade Alert: Buy Platinum (Spot)

Platinum (Spot) - For now, the structure appears positive in my view and looks ready for a buy/long.

Current: $975

How I'm seeing it:

- Pending break of 2nd channel resistance
- 14-DAY RSI at 55 (pointing up and room to move higher). Also breaching downward trend line.
- MACD trending toward the zero bound (pending cross, up)
- breaking through the moving averages (8, 21 & 50-EMA)

Price action requirements:

- Must hold $965.

Trading Levels:

Upside Pivot (level to clear and hold) = $978
Stop-loss: $959
Target: $1022
Chart PatternsTechnical IndicatorsTrend Analysis

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