#TradFi交易分享挑战 Platinum prices soar as traders bet on Iran peace agreement being reached


Against the backdrop of a general rise in the precious metals market, platinum prices gained strong upward momentum. Palladium prices increased by 3.7%, which is good news for platinum.
From a technical perspective, platinum prices are attempting to stabilize above $1,950. If platinum prices remain above $1,950, they will move toward the 50-day moving average of $1,987. Once the 50-day moving average is broken, it will pave the way for testing the recent resistance levels of $2,040-$2,060.
On the support side, for platinum to form a short-term downtrend, it must break below the support levels of $1,880-$1,900. If it falls below $1,880, platinum will retreat toward the next support levels of $1,780-$1,800.
The above analysis is for reference only and does not constitute any investment advice! $XPTUSD
XPT0.02%
XPD-1.16%
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#TradFi交易分享挑战 Platinum prices soar, traders bet on Iran peace agreement being reached

Against the backdrop of a general rise in the precious metals market, platinum prices gained strong upward momentum. Palladium prices increased by 3.7%, which is good news for platinum.
From a technical perspective, platinum prices are attempting to stabilize above $1950. If platinum prices remain above $1950, they will move toward the 50-day moving average of $1987. Once they break through the 50-day moving average, it will pave the way for testing the recent resistance levels of $2040-$2060.
On the support side, for platinum to form a short-term downtrend, it must break below the support levels of $1880-$1900. If it falls below $1880, platinum will retreat toward the next support levels of $1780-$1800.

The above analysis is for reference only and does not constitute any investment advice!$XPTUSD
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