Platinum price ended the last bullish rally by facing the historical high near$2467.70, forming strong resistance to begin forming bearish corrective waves by its stability near $2340.00.

 

Despite the attempts of the main indicators to provide positive momentum, the continued fluctuation below the current top supports the chances of renewing the corrective attempts, which might target $2260.00 and $2185.00, while breaching the top and holding above it will reinforce the chances of recording historical gains by its rally towards $2525.00. 

 

The expected trading range for today is between $2260.00 and $2410.00

 

Trend forecast: Bearish