Platinum update - we are closing on strong ressistance [Close]
My recent call on buying platinum was quickly answered with warm growth. We are closing on another resistance. The place between the two lanes is where I will be most likely taking profit within the next 4 days. If growing momentum persists, I won't mind going higher, but I expect it to perish and bounce back down. This would give us triple top on the daily chart.
I will update more on what I'll do with my position, but closing is most likely. And then reopening when I get the right signal.
You can also see various Stochastic Oscillators and Relative Strength Index. Stochastics are where I have that idea of 4 days from. It might be less though. And RSI is just forgotten on the screen and does not give me a better insight on this market.
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