Platinum took a pause after hitting the 1300s. Since then it has been moving in a triangular wedge. But it seems that the bull penant is almost done. and its ready to breakout. Fundamentally, the news that the BIden administration is going to reduce carbon emissions by 50% indicates a lot of electrodes, storage devices, infrastructure spend are on the way. That can only mean, that platinum is in for a massive breakout over the next few trading sessions. Is today the Day? might be. I am buying platinum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.