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

 

 

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