Jemy Finance Market Research Team At Jemy Trade
August 31, 2025
Precious metals markets have witnessed a significant development in recent days, as the price of Platinum broke out powerfully, shattering a trading range that lasted for more than two years. This breakout reconfirms the accuracy of the technical analysis provided by the Jemy Trade financial markets research team. Specifically, our analysis from May 7, 2025, which predicted this rise based on Elliott Wave patterns, has now successfully played out.
The Analysis: A Complete Corrective Triangle Wave
In our previous analysis published on May 7, 2025, we identified a “Corrective Triangle wave” pattern on the daily and weekly charts of Platinum, a classic pattern within Elliott Wave theory. This pattern, confined between converging support and resistance levels, indicated that the market was in an accumulation phase before a major breakout. Our forecast was clear: once the price broke the upper boundary of the triangle, it would begin a new, impulsive upward wave.
Despite the skepticism that surrounded the slow price movement during this period, our analysis remained firm and committed to the bullish scenario. Now, as of August 31, 2025, with the price surpassing the critical resistance level, the waiting phase appears to be over, and our prediction has come to fruition.
Future Outlook: Towards New Record Levels
The recent breakout confirms that the corrective phase has concluded and that the price has now entered a new upward impulsive wave. Our initial projections suggest that the price of Platinum is currently headed towards the $1650 level as a first target. This level represents a key milestone where we will re-evaluate the market’s behavior and update our analysis to assess the future trajectory.
This rise not only represents a gain for Platinum investors but also underscores the importance of methodical technical analysis and patience in making investment decisions. The Jemy Trade market research team continues to monitor developments in the precious metals markets to provide the latest updates and analysis to our clients and students.
Disclaimer: Any technical analysis provided is for educational and informational purposes only and does not constitute financial or investment advice.
