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Platinum Flirts With Two Crucial Resistances
Metals are trying to shine ahead of the Federal Reserve (Fed) meeting. So far, they are pretty shy, but the small movements seen now can develop into something bigger in the near future. Today we won’t talk about gold or silver but only platinum, which out of those three actually has the biggest chance to succeed. Platinum is currently in a place that’s absolutely crucial for its future. The price is on the crossing of two resistances: a horizontal and a dynamic one. The horizontal is the area around 1025 USD, which has proved to be effective in 2018 and 2020 (orange). The dynamic one is the mid-term down ... (full story)