Platinum price continued to resist stochastic negativity by its continuous fluctuation above $1056.00 level, which represents an important support as appears in the above image, as it represents 100% Fibonacci extension, and its stability reinforces the chances of the bullish scenario domination again.

 

Gathering the positive momentum is important to lead the price begin forming bullish waves to surpass $1100.00 level, then begin achieving new gains by its rally to $1125.00 reaching $1158.00 in the medium period trading.

 

The expected trading range for today is between $1068.00 and $1100.00

 

Trend forecast: Bullish