The platinum price was forced into mixed sideways trading, continuing to hover near $1865.00, as it remains confined between the resistance barrier at $1905.00 and the important support level at $1780.00.

 

We note that renewed positive momentum from the main indicators would increase the chances of the price resuming its bullish attempts. Accordingly, we expect it to retest the resistance barrier, where surpassing it will open the way for resuming the bullish move, targeting $1955.00 and $1990.00.

 

The expected trading range for today is between $1485.00 and $1910.00

 

Trend forecast: Sideways