Platinum price reached $1625.00 level in its last rally, then bounces quickly to settle below 261.8%Fibonacci extension level at $1605.00, forming a strong barrier against the attempt of holding within the bullish channel’s levels that appear in the above image.

 

The price might be force to provide mixed trading, its stability above the extra support near $1525.00 besides the continuation of providing positive momentum by the main indicators will increase the chances for confirm breaching the current barrier, to ease the mission of achieving extra gains that might extend to $1642.00 initially, reaching $1690.000.

 

The expected trading range for today is between $1565.00 and $1642.00

 

Trend forecast: Bullish