Platinum is to drop soon

Platinum is to drop soon

On the H4 chart of Platinum, the price has been rising since last Tuesday. Today, it seems to be continuing the upward direction, but it may not be for long. The RSI and Stochastic Indicators are both in the oversold zones, which means soon a downturn may take place. The Stochastic Indicator’s slow line has already crossed the fast one upside down. Therefore, the bears need to wait for the RSI to cross the 70% upside-down to have a secondary confirmation to open shorts. When the price approaches the resistance level of 932.20, it is very likely to bounce back down. For this scenario, the support levels may be placed at 889.04 and 866.80, while an additional resistance level may be located at 954.57.



Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera