Platinum price remains confined until this moment between $1705.00 support, while $1840.00 level keeps forming strong barrier against the attempts of activating the bullish trend.

 

We recommend monitoring the price behavior for today and waiting for surpassing one of the mentioned levels, to detect the expected targets in the near trading, surpassing the barrier and holding above it will support the dominance of the bullish scenario, which might target $1880.00 and $1960.00 level initially, while breaking the support and holding below it will turn the price to the bearish track, which forces it to suffer several losses by reaching $1655.00 initially.

 

The expected trading range for today is between $1710.00 and $1840.00

 

Trend forecast: Sideways