Platinum hits the target – Analysis – 4-12-2020

Platinum price formed strong bullish wave yesterday, affected by the frequent positive pressures, to notice reaching the main target at 1045.00, and despite the consolidation within the bullish channel, the stability of trades inside the bullish channel, the stability of the current barrier might force the price to form temporary sideways fluctuation until breaching it followed by attempting to reach the bullish channel’s resistance line at 1081.00.

Note that it is important to settle above the initial support 1009.00 to decrease the chances of suffering any losses before reaching the suggested target.

The expected trading range for today is between 1015.00 and 1070.00

The expected trend for today: Bullish