Platinum prices have remained in a sideways trend, hovering around the $983.00 support line. This stagnation is influenced by conflicting signals from major indicators, delaying any potential bullish movement.
We anticipate continued sideways trading until positive momentum is gathered, which could enable a renewed bullish rally targeting $995.00 and $1,015.00. However, a decline below $965.00 would likely negate the bullish outlook.
The expected trading range for today is between $975.00 and $1,000.00.
Trend Forecast: Bullish
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