Platinum Wave Analysis – 4 June 2025

Platinum: ⬆️ Buy

– Platinum reversed from support zone

– Likely to rise to resistance level 1100.00

Platinum recently reversed up from the support zone between the support level 1050.00 (former multi-month high from October) and the 38.2% Fibonacci correction of the upward impulse from May.

The upward reversal from this support zone continues the active impulse wave iii of intermediate impulse wave 3 from April.

Platinum can be expected to rise to the next resistance level 1100.00, the breakout of which can lead to further gains toward 1140.00.

Source: https://fxpro.news