Platinum price attempted to form several bullish waves in the previous period, moving away from the support at $1860.00, providing strong pressures on the moving average 55, which keeps forming a key barrier at $1980.00.

 

The positive attempts get advantage of the stability above the previously mentioned support, which makes us wait for breaching the moving average 55 and holding above it to pave the way for achieving extra gains that might begin at $2070.00 and $2130.00, while breaking the support will push the price to provide new bearish trading, to reach $1170.00.

 

The expected trading range for today is between $1905.00 and $2070.00

 

Trend forecast: Bullish