Platinum Price Analysis: Bullish Trend Anticipated

by Daisy

Platinum prices have experienced significant upward pressure, maintaining stability above the $948.00 support level. This stability, combined with positive momentum indicated by the stochastic oscillator, has driven prices to challenge the resistance level at $983.00.

The ongoing positive momentum from key indicators suggests that surpassing this resistance is likely. Should platinum prices hold above this barrier, a bullish trend is expected to resume, potentially leading to gains with initial targets at $1015.00 and $1042.00.


Expected Trading Range

The anticipated trading range for platinum prices lies between $972.00 and $1000.00.


Trend Forecast: Bullish

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