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Platinum May Enter a Cooling Down Period

Burc Oran by Burc Oran
March 3, 2021
Reading Time: 1 min read
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Monday, June 14, 2021 Headlines
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XPTUSD Daily Chart, ATR (22, Exp)
XPTUSD Daily Chart, ATR (22, Exp)

After the breaking of ascending triangle, platinum surged aggressively but recently began to cool down. 1-month average true range is way over its average or even earlier tops. In the coming days, the cooling down of platinum may continue as ATR should fall below 40 again. Platinum will continue to rise as long as it remains in the bullish trend channel but perhaps with less volatility. 1132-1140 is a key support zone for further upside moves. But if that zone breaks to the downside, XPTUSD may have a correction to around 1000.

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