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Platinum price concluded yesterday’s session by testing the additional resistance at 902.00, exhibiting signs of negative momentum as it edged below the MA55 and settled near 890.00.
These developments align with our bearish outlook for the upcoming period. Stochastic indicators show a growing negative momentum, approaching the 50 level, intensifying the downward pressures. The anticipated target is set at 882.00, with a subsequent attempt to breach the 875.00 support line to pave the way for a resumption of the decline in the near future.
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The expected trading range for today is anticipated to fluctuate between 895.00 and 875.00.
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Expected Trend for Today: Bearish
