Platinum price benefited by providing positive momentum by the main indicators, to notice surpassing $2080.00 barrier, to begin recording some gains by its rally towards 2145.00, achieving the previously suggested initial target.

 

The stability above the breached barrier will allow it to form more bullish waves, to keep waiting to reach $2195.00 level, and surpassing it might extend the trading towards 161.8% Fibonacci extension level near $2245.00, while the risk of changing the near and medium trading is represented by reaching below $1950.00 level and holding below it.

 

The expected trading range for today is between $2060.00 and $2195.00

 

Trend forecast: Bullish