OCBC’s Christopher Wong keeps a firmer tactical bias on Platinum, favouring buy-on-dips despite a recent loss of momentum near 1860–1910.
Mild bullish momentum remains intact, with key resistance at 1863–1943 and upside potential towards 2065 on a clean breakout
Supports are identified around 1815 and 1765, anchoring the constructive near-term view. Rebound pauses but structure positive “Platinum retains the firmer tactical bias. Platinum’s mild bullish momentum and buy-on-dips bias remain intact, though it needs to clear 1863-1943 to extend towards 2,065.” “Platinum’s rebound has lost some momentum with the recent rally stalling around the 1860-1910 area.
Last seen at 1850 levels.” “Mild bullish momentum remains intact. Key area of resistance at 1863 (23.6% fibo retracement of 2026 high to low) – 1943 (200 DMA). A clean break out is needed for bulls to gain greater conviction.