Platinum price reached $2335.00 level by its bullish rally, to approach the suggested initial target in the previous report, forcing it to form bearish corrective waves due to its neediness to the positive momentum, to settle below %161.8 Fibonacci extension level at $2245.00, to suffer some losses by reaching $2010.00.

 

The continuation of facing negative pressures that might force it to attack extra support at $1950.00, where breaking it will open the way for resuming the corrective decline to target $1865.00 reaching $1780.

 

The expected trading range for today is between $1900.00 and $2250.00

 

Trend forecast: Bearish