Platinum price failed to break 550.00, to form temporary correctional trades by rallying towards 666.00, reminding you that the continuing to face resistance at 710.00 supports the negative overview until renewing the pressure on the mentioned obstacle.
On the other hand, breaching 710.00 and holding above it will increase the chances of forming new correctional bullish trades, attempting to test the bearish channel’s resistance at 795.00.
The expected trading range for today is between 710.00 and 620.00
The expected trend for today: Fluctuated within the bearish range