Commodity Blog |
| Flag Pattern on 4-Hour Chart Spells Doom for Platinum Posted: 07 Apr 2013 02:02 PM PDT The flag pattern has formed on the four-hour chart of platinum. Such formation usually shows price consolidation before resumption of movement in the previous direction. The current pattern is bearish as it has occurred after a drop and suggests that the decline will continue. It should be not a surprise as in such case platinum will just follow other precious metals. Gold and silver prices were consolidating on the daily chart before a huge [...] |
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