[Platinum]

With EMAs condition still in a Golden Cross intersection even though Platinum remains in a sideways and RSI(14) is in the Neutral-Bearish level, but there is a big potential to weaken towards the nearest support level.

Key Levels

1. Resistance. 2 : 1968.8

2. Resistance. 1 : 1919.7

3. Pivot : 1864.3

4. Support. 1 : 1815.2

5. Support. 2 : 1759.8

Tactical Scenario

Pressure Zone: If the price breaks down below 1864.3, there is potential pressure toward 1815.2.

Momentum Extension Bias: If 1815.2 is also broken, #PLF could test 1759.8.

Invalidation Level / Bias Revision

The downside bias is contained if #PLF strengthens and breaks out above 1968.8.

Technical Summary

EMA(50) : 1873.6

EMA(200): 1882.0

RSI(14) : 52.41

Economic News Release Agenda:

Today, the U.S. session will release the following economic data:

US - HPI m/m - 20:00 WIB

US - S&P/CS Composite-20 HPI y/y - 20:00 WIB

US - Chicago PMI - 20:45 WIB

US - JOLTS Job Openings - 21:00 WIB

US - CB Consumer Confidence - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB