Platinum XPT/USD ....PlatinumOANDA:XPTUSDAlexandreScaianskiPLATINUM (XPT/USD) — SPOT UPDATE: 1649.92 Immediate implication: price has reclaimed 1623.65 PWPOC and is now trading just below PWH 1653.72 and PDH 1682.67 — essentially knocking on the same supply zone that rejected it before (the "shooting-star" high at 1682.67). Combined with the 4H FOMO/Overheated regime tag, this is the second approach into that resistance shelf, which raises the stakes on whether it holds or breaks. Updated Liquidity Map Above: 1653.72 PWH (right overhead) → 1682.67 PDH → 1720 SP → 1815.30 PH/L Spot 1649.92 — now inside the 1623.65–1653.72 pocket, effectively pinned under PWH Below: 1623.65 PWPOC (now first support, ~26 handles away) → 1605.37 PDL → 1593.54 WPOC Trade Location Short (fade PWH/PDH supply, unchanged thesis, tighter trigger now): Entry zone: 1650–1683 — price is now already inside this zone Invalidation: above 1720 SP Target 1: 1623.65 PWPOC Target 2: 1593.54 WPOC Long (breakout continuation): Entry: confirmed close/hold above 1653.72 PWH Invalidation: back below 1623.65 PWPOC Target 1: 1682.67 PDH Target 2: 1720 SP Wyckoff / Candlestick read, updated Price grinding back up into the same supply shelf that produced the prior rejection (1682.67 high, fade to 1629) is classic retest-of-upthrust behavior — the market is probing to see if that was a clean UT (reject again) or a UTAD that eventually resolves higher on a second attempt. The 4H FOMO tag reinforces caution: this is not a low-risk chase point. A rejection candle forming into 1653–1683 here would confirm the supply hold; a clean push through 1683 that stays offered would flip the near-term structure bullish. Probability Ranking : 1) Rejection at PWH/PDH shelf (1653–1683), fade back to PWPOC 1623.65 Second test of same supply zone, 4H overheated, no fresh macro catalyst yet 2) Break and hold above 1683 → run at 1720 SP35%Momentum already carried price back to the shelf; softer DXY (100.57) supportive 3) Sharp reversal through PWPOC to WPOC 1593.5420%Would need fresh hawkish catalyst (Hormuz escalation, hot CPI) to override current bid Given the 4H FOMO tag and price sitting directly under a level that already rejected once, the highest-quality trade location right now is still the short-side fade at current spot (1650) with invalidation at 1720, not chasing further upside into unconfirmed resistance.