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The metal has been trading within a bearish channel since the 9th of January, after reaching its highest level since March 2022 at $1,102.39. In an attempt to break out of this downward price action yesterday, prices are now definitely on the move up towards the next resistance level at around $977.21, with an RSI moving up towards its neutral level and a MACD indicator turning positive. Do you think it’s time to buy Platinum?
... has suffered a constant price decrease each week. The Nikkei 225 has been unable to reach new highs since September 2021. The index is currently trading inside a bearish triangle on its weekly chart. Even if the current bearish movement has been quite minor (about -1.55% over the course of the previous three weeks), prices might be headed towards the lower part of the triangle if they continue to fall.