Platinum holds above the support – Analysis – 3-3-2021

Platinum price kept its positive stability above 1170.00 support line, to move within tight track represented by the current support and 1230.00 resistance.

These factors urge us to stay neutral and wait to breach one of the mentioned levels, as surpassing the resistance will allow the price to record many positive targets that start at 1300.00, while declining below the support will confirm surrendering to the correctional bearish bias domination and wait to record 1105.00 followed by 1070.00 levels.

The expected trading range for today is between 1230.00 and 1170.00

The expected trend for today: Neutral