Platinum continues to seek the exit – Analysis – 31-1-2019

Economies.com
2019-01-31 07:48AM UTC

Platinum price remains surrendered to the sideways bias domination by its repeated confinement between the sideways range levels, therefore, we will stay aside until surpassing the resistance at 825.00, to get ready to face the main resistance at 871.00.

 

While the price decline below the initial support at 77.00, so that will increase the chances for forming a strong bearish trading, to expect targeting 748.00 reaching to 660.00 level initially in the upcoming trading.

 

Expected trading range for today is between 775.00 and 825.00

 

Expected trend for today: Neutral

 

 

Commodities News

Gold News

Commodities

Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Silver News

Commodities

Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Gold News

Commodities

Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...

Commodities Technical Analysis

Silver Analysis

Commodities

Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
Gold Analysis

Commodities

Update: Gold price surpasses the first target
2024-05-17 15:23PM UTC
Gold price succeeded to achieve our first target at 2400.00$ and breached it to confirm the ...
Brent oil Analysis

Commodities

Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...