Hello everyone, today XM Forex brings you "Technical Analysis of Platinum Intraday Price Movement. Monday, May 04, 2026". We hope it helps you! Original content is as follows:
PLATINUM
With the EMAs condition which forms a Golden Cross intersection,xm平台登录 confirms that Platinum's bullish bias still strengthen, so that in the near term it is likely to test its nearest resistance level.
Key Levels
1. Resistance. 2 : 2057.2
2. Resistance. 1 : 2028.3
3. Pivot : 1997.7
4. Support. 1 : 1968.8
5. Support. 2 : 1938.2
Tactical Scenario
Positive Reaction Zone: If the price holds above 1997.7, there is a likelihood Platinum will move up toward 2028.3.
Momentum Extension Bias: If 2028.3 is broken, #PLF may test 2057.2.
Invalidation Level / Bias Revision
The upside bias weakens if Platinum falls and breaks below 1938.2.
Technical Summary
EMA(50) : 1995.5
EMA(200): 1978.6
RSI(14) : 48.03
Economic News Release Schedule:
Tonight the United States will release one economic data point: Factory Orders m/m at 21:00 WIB.
The above is all about “Technical Analysis of Platinum Intraday Price Movement. Monday, May 04, 2026”, carefully edited by the XM Forex team. Thank you for your support!
