Platinum price formed more of the bearish corrective trading, affected by providing negative momentum by the main indicators, reaching the initial target at $1865.00, which represents an extra support against the negative trading.

 

The suggested scenario depends on the strength of the current support, as holding above it will increase the chances of forming bullish waves, to attempt to reach $1960.00, to attack the moving average 55 at $2000.00, while the decline below the support and providing negative close will force it to suffer extra losses by reaching $1805.00 and $1775.00.

 

The expected trading range for today is between $1865.00 and $1950.00

 

Trend forecast: Bullish