Platinum hovers around the resistance – Analysis – 13-8-2019

Platinum price still affected by the sideways range due to the lack of the negative momentum, to repeat the fluctuation around the main resistance 870.00, while the bearish scenario will remain valid unless breaking this barrier to target 840.00 followed by 790.00 in the near term and medium term period.

We remind you that attempting to rally above the current resistance will cancel the negative overview by settling within new bullish track and increase the chances of rallying towards 915.00 and 1000.00 levels in the upcoming period.

The expected trading range for today is between 870.00 and 840.00

The expected trend for today: Bearish