Platinum price is affected by the stability of the barrier near $1690.00, despite the attempt to provide positive momentum by the main indicators, which forces it to provide new sideways trading near $1650.00 level, attempting to settle above the extra support at $1600.00.

 

Reminding you that the bullish scenario will remain valid by the stability of the price above 61.8% Fibonacci extension level that is located near $1625.00, which makes us wait to breach the current barrier, then targeting new historical stations that might begin at $1745.00 reaching the next main target near $1835.00.

 

The expected trading range for today is between $1610.00 and $1690.00

 

Trend forecast: Sideways until achieving the breach