Platinum price took advantage by the positive factors that are represented by providing bullish momentum by the main indicators, besides forming extra support level at $2020.00, forming new bullish waves to settle near $2190.00.

 

We expect reaching $2245.00 barrier soon, and surpassing it will confirm its move to a new positive station, to reinforce the chances of recording extra gains that might begin at $2315.00 and $2425.00, while the failure to breach will reinforce the dominance of the sideways bias in the near-period, and there is chance to activate the bearish corrective track.

 

The expected trading range for today is between $2110.00 and $2245.00

 

Trend forecast: Bullish