Category: Forex News, News
Platinum price leans above the moving average55– Forecast today – 17-4-2025
Platinum price kept its positive stability above the moving average 55, to notice it attempted to enter the minor bullish channel’s levels again by hitting $972.60 level, which forced it to provide some of the sideways trading range, due to Stochastic reach to the overbought level.
Note that the continuation of the formation of extra support at $950.00 level will represent an important factor to confirm the continuation of the positivity, which makes us wait to gather the required extra positive momentum to motivate the bullish rally, until reaching the main targets at $981.00 and $994.00.
The expected trading range for today is between 985.00 and 1040.00
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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