No news for Platinum – Analysis – 1-5-2019
Platinum price did not move until this morning, as it keeps fluctuating near the key support 862.00, expecting to get continuous positive momentum signals by stochastic due to its fluctuation within the overbought areas, while the stability of the current support pushes the price to form new bullish trades to target 955.00 followed by reaching the psychological barrier at 1000.00.
We should note that attempting to crawl below the current support will confirm regaining the bearish bias again, due to its stability within the bearish channel that appears on the chart, to increase the chances of suffering many losses by moving towards 825.00 followed by 775.00 levels.
The expected trading range for today is between 870.00 and 925.00
The expected trend for today: Bullish
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