PL1!Platinum FuturesNYMEX_DL:PL1!IbrahimTarek1️⃣ Trend & Structure Long-Term Breakout: After years of sideways consolidation between roughly $850–$1,200, Platinum has broken above the long-term moving averages (MA ribbon and 200-month black MA), signaling a strong structural breakout. Momentum Shift: The recent monthly candles show strong bullish follow-through, indicating renewed institutional interest. 2️⃣ Key Price Zones Perfect Buy Zone: $1,170 – $1,070 Highlighted in yellow, this area represents a strong historical demand/support zone and an ideal pullback entry for swing or position traders. First Target: $1,643 – $1,692 Marked in purple, this is the next major resistance cluster where price may encounter selling pressure or consolidate. 3️⃣ Support & Stop Loss Primary Support: The breakout area around $1,150 – $1,170 now acts as the first layer of support. Defensive Stop: The chart suggests a wider stop loss around $850, which is below the long-term base and protects against a full breakdown of the bullish setup. 4️⃣ Moving Averages & Indicators MA Ribbon Alignment: Short- to mid-term moving averages (20, 50, 70, 89) have turned upward and are stacking bullishly above the 200-month MA, which is a classic long-term buy signal. Volume (not shown): Sustained volume on the breakout would further confirm institutional buying. 5️⃣ Trading Scenarios Bullish Base Case: A pullback toward $1,170 – $1,070 offers a favorable risk–reward entry for a run toward $1,643 – $1,692. A monthly close above $1,700 would open the door for extended gains toward the psychological $1,900–$2,000 zone. Bearish Risk: A decisive close below $1,070 would weaken the breakout thesis. A drop below $850 invalidates the bullish structure entirely. 📊 Summary Platinum Futures have shifted from a multi-year consolidation to a confirmed long-term bullish trend. The breakout above key moving averages strengthens the technical case for upside toward the $1,650 area, with a preferred accumulation zone on any retracement to $1,170–$1,070 and a protective stop near $850.