Platinum is testing the upper end of an ascending triangle for the 3rd or 5th time, depending on how you want to count it. The volume in the last 5 days has been impressive, a cluster of high volume days that is only matched by the strong action in February.
The measured move on this ascending triangle is about $1700 which is also a resistance level from 2012. With Palladium acting strong, this breakout looks like a done deal and could help propel the precious metals sector.