Platinum price succeeded in forming a new bullish rally this morning, achieving the previously suggested main target by reaching $1973.00, facing a %161.8 Fibonacci extension level which forms strong barrier against bullish trading.

 

The stability of the trading below this barrier might activate the attempts of gathering some gains, to reach $1900.00 then attempts to test the extra support at $1860.00, while breaching the barrier and holding above it will ease the mission of recording new historical gains that might extend towards 2000.00 psychological barrier.

 

The expected trading range for today is between $1890.00 and $1970.00

 

Trend forecast: Fluctuated within the bullish track