Platinum Price Analysis
Current Scenario
Platinum ended last Friday with a clear positive close above the $983.00 barrier, surpassing the 50% Fibonacci correction level. This confirms the activation of a bullish trend, with the next targets set near $1015.00, followed by $1042.00. However, if the price falls below $983.00 and closes negatively, a bearish trend may be reactivated, leading to potential losses towards $960.00 to test the MA55 before any new positive targets can be reached.
Expected Trading Range
The anticipated trading range for platinum is between $980.00 support and $1015.00 resistance.
Trend Forecast
Bullish
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