Platinum price remains stable below $1785.00 level, affected by the contradiction of the main indicators, which obstructs the chances of resuming the bullish attempts, surrendering to the sideways trend by its stability near $1758.00 level.

 

Facing extra negative pressure will force the price to activate the negative trend again, to expect to reach $1685.00 and $1642.00 gradually, while breaching the resistance will open the way for resuming the bullish attempts, to expect reaching $1825.00 initially, followed by the next target near $1870.00.

 

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

 

Trend forecast: Bullish