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HomeGoldPlatinum Price Begins Decline – Forecast for 09 December 2024

Platinum Price Begins Decline – Forecast for 09 December 2024

Platinum prices have begun to decline, influenced by negative factors such as persistent stability below the $950.00 resistance level and bearish momentum indicated by key technical indicators. The price is currently hovering around the $932.00 mark, signaling the potential start of a downward trend.

Continued negative pressure is expected to push platinum towards the initial support at $920.00. A break below this level would open the door for further declines, with targets set at $905.00 and possibly extending towards the next major support level at $893.00.

The expected trading range for today is between support at $905.00 and resistance at $950.00.

Trend Forecast: Bearish

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