Platinum Price Analysis

Expected Scenario

The Platinum price formed mixed trades recently due to stochastic exit from the overbought areas, testing the MA55 at $913.00 followed by starting to renew the bullish trades to settle near $930.00. Positive momentum gathering is essential to activate the bullish attack. It is important to surpass the $950.00 barrier to open the way to reach additional stations, starting at $965.00 and $983.00.

Expected Outcome

Renewed bullish trades are expected to push the Platinum price towards surpassing the $950.00 barrier and potentially reaching additional targets at $965.00 and $983.00.

Expected Trading Range

Between $920.00 support and $950.00 resistance.

Trend Forecast: Bullish