Loading ...Plat was always a premium to Gold until a few years back….will it happen again….this chart show it is about to do some serious catching up…or could do.
We have a very good Inverted H&S base, the right shoulder so far has done a perfect 0.382 % restracement of the wave 1 up, which has 5 waves, Wave 2 down so far did the 0.382 , in a clear 3 waves….if wave 2 has ended, then an equal swing up targets the ratio to 0.54…which in turn will trigger the Inverted H&S, which targets 0.6169 for the ratio…..
So if Gold stays here then the bull flag move would take Plat t0 2044.00…The I H&S target would be 2334.00….which funnily enough for those who like numbers…is exactly 1.62 times todays price of Plat !!!!!….but with Gold not looking liken staying anywhere near here, Plat targets are way up as well.