Platinum Price Delays Decline as Support Holds

Platinum’s downward momentum seemed to stall as it encountered robust support at the 878.00 level. The metal showed signs of forming corrective bullish waves, finding stability around 925.00. It’s worth noting that the stochastic indicator entering overbought territory could contribute to temporary upward pressure, leading to the anticipation of further corrective endeavors. These efforts might extend toward the 50% Fibonacci correction level at 950.00 in the near future.

Today’s projected trading range lies between 910.00 and 950.00.

Temporary bullish sentiment is anticipated for today.