Platinum approaches the resistance – Analysis – 14-1-2021

Platinum price provided new positive rally yesterday to reach 1100.00 and keep its stability below the main resistance at 1125.00, thus, we will keep our correctional bearish overview, assuring the importance of gathering the additional negative momentum to ease the mission of reaching 1025.00 and 950.00 levels in the near term and medium term period.

We remind you that succeeding to breach the mentioned resistance and holding above it will confirm moving into new bullish track, to start suggesting targeting new positive levels that might extend to 1180.00 and 1255.00 levels.

The expected trading range for today is between 1100.00 and 975.00

The expected trend for today: Bearish