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Platinum Wave Analysis 5 January 2026
(MENAFN- FxPro)
Platinum: ⬆️ Buy
– Platinum reversed from support zone
– Likely to rise to resistance level 4500.00
Platinum recently reversed up from the support zone between the round support level 2000,00 (former strong resistance from October), upper trendline of the daily up channel from October and the 50% Fibonacci correction of the earlier upward impulse from November.
The upward reversal from this support zone stopped the earlier downward correction iv.
-pGiven the clear daily uptrend, Platinum can be expected to rise to the next resistance level 2450,00 – which stopped the earlier sharp impulse wave iii.
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