Platinum Price Analysis

Expected Scenario

Platinum price succeeded in gathering additional positive momentum yesterday, surpassing the $950.00 barrier and achieving significant gains by rallying towards $977.60, nearing the second awaited target mentioned in our previous report. Stochastic consolidation within the overbought areas and continuous additional positive momentum increase the likelihood of resuming the bullish attack. Expectations are for the price to surpass the $983.00 level soon and target the next main station at $1015.00.

Expected Outcome

Platinum price is expected to maintain its bullish momentum, supported by stochastic consolidation within overbought areas and continuous positive momentum. This could lead to further gains in the near term.

Surpassing the $983.00 level may lead to sustained upward movement towards the next main station at $1015.00.

Expected Trading Range

Between $960.00 support and $1015.00 resistance.

Trend Forecast: Bullish