Since late spring, platinum prices have seen significant downward movements. Crushed by bearish price action, prices have since declined by as much as 14%. At $950 / oz, platinum breached prior lows that had previously acted as support zones. However, precious metals prices for platinum recently bounced by 10% from the most recent low, shooting it back of the $950 threshold. This recent price action helped form a possible reversal pattern to the upside. Indeed, prices continue to form a possible “W” pattern, which typically indicates trends may go up during a breakout. Until that happens, traders continue to see the ... (full story)