Platinum price has once again responded to the positive signals from stochastic, breaking above the additional barrier at $1550.00 yesterday, signaling its readiness to record further gains in the near term. We expect trading to move toward $1610.00, with positive momentum potentially extending gains toward $1655.00, which represents the main target for current trading.

 

A return to trading below $1515.00 will force the price to resume its bearish pressure, to expect further losses toward $1470.00 and $1440.00.

 

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

 

Trend forecast: Bullish