Platinum Wave Analysis – 23 October 2026

Published on October 23, 2026

Market Overview

As of October 23, 2026, the financial markets are showing varied performance across different assets. Key highlights include:

Gold: $4021.39 (-0.07%)
EUR/USD: 1.12106 (-0.04%)
Bitcoin: $81741.59 (+0.63%)
NASDAQ 100: 29002.92 (+0.25%)
Platinum: $1610.00 (recently broke support)

The analysis indicates a bearish outlook for platinum:

Platinum has recently broken the significant support level at $1610.00.
This level had been a reversal point for prices since mid-October.
The break below this support zone has triggered a downward movement, suggesting a continuation of the current downtrend.
The analysis references a 78.6% Fibonacci correction level from an upward ABC correction that began in July.

Given the strong daily downtrend, it is anticipated that platinum prices may decline further:

The next target support level is projected at $1500.00.
This target aligns with the completion of the active impulse wave 3, which has been in motion since early September.

Informational only. Not investment advice.