Platinum price remains affected by the contradiction of the main indicators, fluctuating near $1505.00 support. Providing a new positive close above the current support is required to increase the chances of forming bullish corrective waves, targeting 1580.00 and $1635.00 initially.

 

While facing new bearish pressures and providing negative closes below the current support will confirm its readiness to form strong bearish waves, which forces it to suffer more losses by reaching 1440.00.

 

The expected trading range for today is between $1500.00 and $1580.00

 

Trend forecast: Bullish