Platinum Price Experiences Subdued Decline

The price of platinum has once again demonstrated a clear decline, signaling its acquiescence to the prevailing bearish sentiment, with stability observed around the $900.00 mark. The persistence of negative momentum indicated by key indicators suggests that a test of the $885.00 level is likely, representing the neckline of a bearish double top pattern. Should this level be breached, it would pave the way for further downward movements, potentially extending to $855.00, ultimately targeting the key level near $810.00.

Today’s anticipated trading range is expected to fluctuate between $920.00 and $880.00.

Projected Market Trend for Today: Bearish