Platinum price failed to resume the bullish trend after facing the resistance near $1785.00, keeping its stability below the moving average 55, by its fluctuation near $1745.00 level as appears in the above image.

The contradiction of the main indicators and the stability of the resistance will increase the chances of renewing the negative attempts, which might target $1685.00 and $1642.00 level, while breaking above the resistance level and holding above it will open the way for reaching new bullish stations that might begin at $1825.00 and $1870.00.

The expected trading range for today is between $1700.00 and $1790.00

Trend forecast: Bearish