Platinum price remains affected by conflicting main indicators, forcing it to postpone negative attempts and deliver weak trading, stabilizing from yesterday near the $1800.00 level. We expect that with the barrier at $1865.00 remaining intact and the Stochastic indicator approaching the overbought level, the price will begin activating negative attempts, targeting the $1695.00 level soon, followed by the stable obstacle at $1640.00.

 

The risk of a trend reversal and the formation of a new path remains possible if the price successfully breaks the resistance extending toward $1925.00 and holds above it. This would enable it to achieve noticeable gains by advancing first toward $1990.00 and $2060.00 respectively.

 

 

The expected trading range for today is between $1700.00 and $1840.00.

 

Trend forecast: Bearish