Platinum price shown little change since yesterday’s trading session, continuing to fluctuate near the support level at $1,705.00, weighed down by negative pressure reflected in the main indicators maintaining negative momentum, in addition to repeated stability below the barrier at $1,840.00.

 

Accordingly, we will maintain our bearish outlook for the near-term trading, awaiting confirmation of a break below the current support, after which the price could begin targeting the next bearish levels, initially moving toward $1660.00 and $1605.00.

 

 

The expected trading range for today is between $1660.00 and $1750.00.

 

Trend forecast: Bearish