Platinum, the Forgotten Precious Metal
BonTradeTurning to the chart, we see the July Platinum contract rallying toward the 1860 level, which has offered stout resistance the last three times it was tested. A breakout above 1860 could squeeze shorts out of the market and may fuel renewed speculative buying. Recently, the RSI has been diverging from prices, which can be a sign that the market could be topping in the near future. If prices do correct, the market could find support near the 1780 level, and further support near 1735.
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Platinum, the Forgotten Precious Metal
