Platinum price continued to fluctuate within the main bearish channel recently, to notice surrendering to the stability of the additional barrier at 710.00 to reinforce the attempts to resume the negative attack and settles at 620.00.
Therefore, we will keep our bearish overview that requires reaching 550.00, noting that the continuous negative momentum signals coming by the major indicators will increase the chances of crawling below this obstacle to extend trades towards 452.00 in the upcoming period.
The expected trading range for today is between 710.00 and 550.00
The expected trend for today: Bearish