Platinum Market Structure – Upside Reversal Incoming? Elliott Wave Analysis
•March 5, 2026
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Why It Matters
A plunge to $1,500 would tighten margins for platinum producers and reshape commodity portfolios, making timely risk management essential for investors.
Key Takeaways
- •Platinum completed Elliott Wave B bounce in February.
- •Market likely entering C‑wave decline toward $1,500 level.
- •Five‑wave down pattern mirrors recent gold and silver moves.
- •Target range set between $1,500 and $1,530, 100% extension.
- •Traders should brace for further downside momentum and adjust positions.
Summary
The video provides an Elliott Wave analysis of platinum, noting that the metal has completed a five‑wave decline into February lows and that a wave‑B rally was observed.
The analyst confirms that the wave‑B bounce hit the projected $2,480‑$2,719 zone, satisfying all criteria to label it complete. Consequently, the chart is now poised for a wave‑C correction, expected to reach a 100 % extension of the prior move, placing price near $1,500‑$1,530.
“We have fulfilled all the requirements to call this B‑wave complete,” the presenter says, emphasizing the parallel with recent gold and silver patterns that also transitioned from B‑wave rebounds to C‑wave declines.
If the forecast materializes, platinum could lose roughly 30 % of its recent value, pressuring mining stocks and prompting investors to re‑evaluate long positions or consider short‑term hedges.
Original Description
This video provides a professional Elliott Wave and technical analysis of Platinum (XPT), focusing on current market structure, major support and resistance zones, and both bullish and bearish possibilities. The goal is to offer viewers a clear and educational understanding of Platinum’s market setup and price development.
We collaborate with XTB, a globally regulated broker offering access to over 7,100 stocks and 1,400 ETFs - commission-free up to €100,000 per month.
Explore more here: https://geolink.xtb.com/XjNyk
(Please note: XTB services are not available to U.S. clients.)
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