Platinum price remains affected by negative pressure, driven by the main indicators aligning to provide additional negative momentum, while the $1,840.00 level continues to form a strong barrier against recent attempts, prompting the price to resume its negative fluctuations and stabilize near $1,740.00.

 

We expect the price to continue moving sideways; however, its continued stability above the support at $1705.00 may give it an opportunity to renew its bullish attempts, pushing toward $1790.00 before resuming pressure on the aforementioned barrier.

 

 

The expected trading range for today is between $1710.00 and $1775.00

 

Trend forecast: Bullish