Platinum prices gained positive momentum yesterday, allowing them to settle above the $950.00 mark. The price successfully moved above the 55-day moving average, reaching a high of $978.50.
For the bullish trend to continue, a breach of the resistance level at $983.00 is crucial. If the price holds above this barrier, it could facilitate further gains, with potential targets at $995.00 and $1,015.00.
The expected trading range for today is between $955.00 and $995.00.
Trend Forecast: Bullish
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