Platinum price faces negative pressures by providing a positive close above $1705.00 level, to begin forming some gains by its stability near $1735.00. The stability of the trading above $1705.00 is important to increase the chances of attacking the barrier near $1840.00, where surpassing it will confirm its readiness to form a strong bullish trend to target 1880.00 level.

 

While the return of the fluctuation below $1705.00 will force it to resume the bearish corrective attempts, which forced it to suffer new losses by reaching $1660.00 and $1605.00.

 

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

 

Trend forecast: Bullish