Platinum Price Analysis
Expected Scenario
The platinum price is currently devoid of significant developments, maintaining a sideways trajectory with support around $983.00 and resistance at $1015.00. This consistent pattern diminishes the likelihood of a renewed bullish bias at present.
We adopt a neutral stance until the price decisively surpasses one of these levels. A breakout above the resistance and sustained hold could rejuvenate bullish sentiment, targeting levels such as $1042.00 and $1075.00. Conversely, a breach of support would reinforce a correctional bearish bias, potentially leading to a decline towards $950.00 before considering new positive targets.
Expected Trading Range
Support: $983.00
Resistance: $1015.00
Trend Forecast: Neutral
Related topics: