Platinum confines within a tight range – Analysis – 04-12-2019

Platinum price failed to resume the negative fluctuation, as the moving average 55 forms an extra support by its stability at 883.00, which forces it to settle within a tight sideways range that is represented by the support level and the resistance level at 915.00.

And that makes us suggest the neutrality and wait for surpassing one of the main levels to detect the main trend in the upcoming trading, note that breaching the current resistance will reinforce the bullish bias domination again, to increase the chances for recording some of the positive targets that begin at 955.00 and 1025.00.

The expected trading range for today is between 915.00 and 883.00

The expected trend for today: Neutral.