The overall bias for Platinum remains bearish, but limited strengthening should be monitored due to the appearance of a Bullish

[Redator]

[Platinum] – [Wednesday, October 22, 2025]

With the RSI is in the Neutral-Bearish zone and the EMA(50) remains below the EMA(200), forming a Death Cross that signals strong bearish pressure, even though a Bullish Divergence has appeared.

Key Levels:

1. Resistance. 2 : 1728.0

2. Resistance. 1 : 1633.0

3. Pivot : 1570.0

4. Support. 1 : 1475.0

5. Support. 2 : 1412.0

Tactical Scenario:-

Pressure Zone: If the price breaks down and closes below 1475.0, it has the potential to drop to 1412.0.

Momentum Extension Bias: If 1412.0 is breached, Platinum may test the next support level at 1317.0.

Invalidation Level / Bias Revision:

The downside bias is invalidated if #PLF strengthens and breaks out to close above 1728.0.

Technical Summary:

EMA(50) : 1558.7

EMA(200): 1624.1

RSI(14) : 46.94.

Economic News Release Agenda:

At 21:30 WIB, the United States will release Crude Oil Inventories data.

The material has been provided by InstaForex Company - www.instaforex.com