On the weekly chart, XPT/USD has maintained an uptrend following a sharp rally from the $900.00–$1,100.00 area. The price of $2,157.00 remains above the EMA21, EMA50, and EMA100 moving averages, suggesting that bulls remain in control, although volatility has increased. The $2,000.00–$2,015.00 area serves as the nearest support. Below that, the $1,690.00 level and the lower Bollinger Band zone around $1,345.00 are key. The nearest resistance area is between $2,450.00 and $2,850.00, and the upper Bollinger Band is at $2,682.00. After the market overheated, it entered a consolidation phase. MACD remains above zero, but ... (full story)