Platinum price ended the last corrective decline by its approach from the support level of $1695.00, to begin forming bullish waves, announcing the continuation of the previously suggested bullish scenario, fluctuating near $1780.00 level.

 

The price might be forced to provide some sideways trading until gathering bullish momentum to surpass the 55-moving average at $1800.00, to begin targeting several positive stations by its rally towards $1860.00 and $1910.00.

 

The expected trading range for today is between $1730.00 and $1860.00

 

Trend forecast: Bullish