Platinum price ended its last corrective attempts by reaching $2220.00 level, to rebound quickly towards $2180.00, keeping its negative stability below $2245.00 level besides forming %61.8 Fibonacci correction level at $2200.00 level as appears in the above image.

 

The stability of moving average 55 above the current trading will increase the negative pressure, to reinforce the chances of resuming the negative attack, to expect targeting $2130.00 level reaching $2080.00 level.

 

The expected trading range for today is between $2080.00 and $2200.00

 

Trend forecast: Bearish