Platinum price kept trying to regain the upward trend with positive signals from major indicators, thus holding its ground above the 55 SMA, which recently represented an additional support at $964.00, with the price snagging some gains by wavering near $990.00.

 

The price  will likely form additional ascending waves and might try to pressure the $1000.00 barrier, with a breach sending the price towards the 61.8% Fibonacci retracement level near $1017. 

 

Expected trading range today is between $975 and $1000.

 

Today’s price forecast: Bullish