Platinum price continues to consolidate below the resistance level at $1,785.00. However, the ongoing conflict between the main indicators has pushed the price into another period of sideways fluctuation, keeping it stable near $1,750.00, as clearly shown on the attached chart.

 

We emphasize the importance of gathering additional negative momentum, to reinforce the previously suggested bearish bias to begin targeting the downside levels, initially moving toward $1,685.00 and $1,642.00, while breaching the resistance and holding above it will open the way for the bullish attack to target $1820.00 initially, followed by $1865.00.

 

The expected trading range for today is between $1685.00 and $1770.00

 

Trend forecast: Bearish