Platinum Price Analysis
Current Scenario
Platinum price continues to oscillate within the range bounded by $1015.00 resistance and $983.00 support, indicating a temporary adherence to sideways movement.
Neutral Outlook
The conflicting signals from major indicators suggest a need to closely monitor price behavior until a decisive breakout above resistance or below support confirms the next expected trend. A breach above resistance could pave the way for substantial gains towards $1043.00 and $1075.00, while a break below support and sustained trading beneath it may trigger a corrective bearish phase targeting $965.00 and $948.00 initially.
Expected Trading Range
- Support: $983.00
- Resistance: $1015.00
Trend Forecast: Sideways
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