Technical analysis by BitonGroup about Symbol XPT: Buy recommendation (7/20/2023)

XPTUSD ( Platinum / USD ) Commodity Analysis 18/07/2021 Technical Analysis: As you can see, there exist a Hidden Bullish Divergence with MACD and it is the very sign of bullish trend continuation as the Price is Bullish Bounding in an ascending channel. We draw Fibonacci retracement from the low to the top of previous impulsive wave for specifying the Bullish Cycles and the Possible Pivot Points and Reaccumulation levels in the correction wave condition, which are defined as the Fibonacci and Support and Resistance levels on the chart. Currently The commodity is consolidating and Reaccumulating on Fibonacci Golden Zone. naturally XPTUSD is moving in ascending channel presently. we believe that the commodity is getting ready in order to shoot to the defined targets by Fibonacci Projection of the Past impulsive waveTrade active: best time To Scale in and Reload at 950 USDTrade active: Scaling In