Platinum is currently facing resistance near the 20-day SMA as evident from the 3 consecutive doji formations; further on 11th March it ended in a “Gravestone” doji formation signifying sellers at higher levels. RSI has also flattened supporting the above observation and indicating that the uptrend is losing steam. It would be prudent to say that Platinum could decline towards $1,180 and $1,150 while it sustains bellow $1,230.
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