Bearish GAP

Platinum futures are testing the upper end of a major bearish gap after breaking out of consolidation, while copper has pulled back after reaching a Fibonacci extension target. Daily closes remain the key signal for whether buyers can extend momentum or whether deeper corrections begin.

Platinum and copper have extended bullish breakouts into major resistance zones, while the dollar and palladium remain highly sensitive to daily closing levels. FXCOINZ examines the technical areas traders are watching as momentum, gaps and support zones shape the next move.

The dollar is pressing against channel resistance, while platinum remains defined by its nearby support level. Palladium is under closer pressure after another failed attempt to clear resistance, with traders watching whether channel support gives way.

Platinum futures have moved back into a short-term consolidation area, keeping the recovery scenario alive after an earlier downside probe failed to gain traction. Technical traders are now watching 1662 as the level that could confirm a breakout and set the tone for the next leg higher.