Platinum prices have approached the additional negative target of $950.00, influenced by several negative factors. These include the persistent stability below the $983.00 barrier and the negative momentum from major indicators.
These factors suggest a threat to the $950.00 support line, with expectations of breaking it and forming new bearish waves. This could potentially drive the price towards $928.00, a key extended support line as shown on the chart.
The expected trading range for today is between $975.00 resistance and $930.00 support.
Trend Forecast: Bearish
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