Platinum price failed to confirm the break of the sideways track at $5.2000, forming temporary bullish wave to settle near $1560.00.

 

We expect the confinement between the current support and $1605.00 level that represents the sideways track’s barrier, to keep waiting for surpassing one of these levels, to confirm the expected trend in the near period, reminding you that breaking the support and holding below it will confirm its readiness to target several corrective stations by reaching $1480.00 and $1440.00.

 

The expected trading range for today is between $1530.00 and $1585.00

 

Trend forecast: Sideways