Platinum price reached $1958.00 level this morning, to face %100 Fibonacci extension level, to rebound quickly to the downside, holding below the minor bearish channel’s resistance at $1940.00, to confirm the continuation of the previously suggested bearish scenario.

 

The price needs a new negative momentum to ease the mission of forming bearish waves, to expect targeting $1835.00 level initially reaching the next target at $1745.00, while breaching the resistance and holding above it will open the way for recording several gains, to reach $2025 initially.

 

The expected trading range for today is between $1835.00 and $1940.00

 

Trend forecast: Bearish