Platinum threatens major support at $952/47 – Credit Suisse

Platinum is under pressure and undergoing a concerted test of major support at the $952/47 region. A slide below this zone could lead to a slump as low as $828, strategists at Credit Suisse appraise.

See – Palladium Price Analysis: XPD/USD to nosedive toward the $1731 mark – Credit Suisse

Platinum is seeing a concerted test of key support at $952/47

“Platinum is seeing a concerted test of key support at $952/47 – the ‘neckline’ to its medium-term base and 50% retracement of the 2020/2021 uptrend.”

“A clear break of $952/47 is seen likely to mark a fresh swing lower for a test of support at the 61.8% retracement at $860, potentially $828.”