Platinum remains committed to its bullish corrective attempts, supported by its repeated stability above $1515.00. In addition, the Stochastic indicator has reached overbought territory, leading us to expect the price to attempt a test of $1610.00 in the near term. A break above this barrier could extend trading toward the next corrective target near $1580.00.

 

On the other hand, a decline below $1515.00 followed by a negative close would force the price into strong bearish trading, exposing it to further losses as it moves toward $1440.00 and then renews pressure on the barrier at $1385.00.

 

The expected trading range for today is between $1520.00 and $1610.00

 

Trend forecast: Bullish