The platinum price failed to break through the barrier at $1905.00, forcing it to postpone its bullish attack and begin forming negative waves, as it is currently edging toward the $1,845.00 level.

 

Repeatedly holding below the barrier could increase the negative pressure on current trading, leading us to favor further temporary bearish attempts, which could target $1815.00 and $1780.00, respectively. However, a successful break above the barrier and holding above it would give the price a strong opportunity to achieve new gains, initially targeting $1955.00.

 

The expected trading range for today is between $1815.00 and $1890.00

 

Trend forecast: Bearish