No news for Platinum – Analysis – 2-6-2020

Platinum price surrendered to the temporary sideways range, to postpone the bullish attack that depends on the positive consolidation above the key support 771.00, while the current sideways trades caused by the continuous barrier formed by the moving average 55 by settling at 875.00, to increase the chances of providing more sideways fluctuations to expect moving between 830.00 initial support and the moving average 55.

On the other hand, succeeding to gain the additional positive momentum and rallying above the current barrier will allow the price to continue rising and start recording the additional targets by moving towards 915.00 followed by reaching 1030.00 in the upcoming period.

The expected trading range for today is between 875.00 and 830.00

The expected trend for today: Sideways