Platinum price made attempts to extend gains, touching $1028.00 recently. However, weak positive momentum led to a decline below the $1015.00 level, resulting in sideways movement with the price settling near $1000.00.
It’s important to note that the bullish outlook hinges on strong support around the $983.00 level. Maintaining above this support is crucial to gathering additional positive momentum and confirming a breakout, which could lead to renewed bullish attempts targeting $1042.00 and potentially reaching $1062.00 in the medium term.
Today’s anticipated trading range is projected between $990.00 and $1042.00.
Trend Forecast: Bullish
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