Platinum price exhibited bullish movements, surpassing the 900.00 level and indicating a successful alleviation of negative pressures. The rally propelled the precious metal towards the 23.6% Fibonacci correction level at 908.00.
With the support level established at 882.00 and the positive momentum observed in major indicators, the probability of exceeding 908.00 is heightened. This could pave the way for further upward advancements, targeting new positive stations starting at 918.00 and extending towards the 50% Fibonacci correction level at 949.00.
Traders are advised to keep a close eye on the price dynamics, especially within the expected trading range of 894.00 to 915.00 for the current session. The prevailing trend for today leans towards a bullish bias, reflecting the positive momentum and successful overcoming of previous negativity.