Platinum approaches the first target – Analysis – 26-7-2021

Platinum price formed new negative attack on last Friday to approach the first target at 1035.00, affected by the frequent negative pressures to confirm the previously expected bearish bias domination.

We remind you that it is important to hold below the additional barrier at 1105.00 to expect facing additional negative pressures and crawling below the current obstacle to target new negative levels that might start at 980.00 followed by reaching 50% Fibonacci correction level at 945.00.

The expected trading range for today is between 1080.00 and 1000.00

The expected trend for today: Bearish