Technical Outlook - Platinum Is Breaking Out; Next Stop May Be $1,300 Following Gold - The extremely compressed platinum spring is uncoiling to the upside. A ceiling around $1,100 an ounce that’s held since 2021 may be a speed bump on the way toward the next good resistance at about $1,300. The previous threshold around $1,000 has likely transitioned to pivotal support. Platinum’s extreme discounts to gold and copper suggest substantial upside price potential.
Full report on the Bloomberg here: https://t.co/cT1SwdekwQ {BI COMD}
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