Platinum rallies above the barrier – Analysis – 22-8-2017

Platinum price hinted keeping the bullish bias domination by rallying above 980.00 barrier again, to move into new bullish track for the near term and medium term trading, also, we remind you that it is important to get four hours' close above this barrier to confirm moving into new positive range and start recording our targets by reaching 1025.00 followed by 1080.00.

The consolidation of the moving average 55 below the current price reinforces the price stability within the bullish range, also, stochastic approach from 80 level eases the attempt of gathering the positive momentum again to start recording the waited targets.

Expected trading range for today is between 967.00 and 1025.00

Expected trend for today: Bullish