Platinum in its way to renew the bullish attempts – Analysis – 7-4-2021
Economies.com
2021-04-07 05:08AM UTC
Platinum price formed a strong bullish rally yesterday, to surpass 50% Fibonacci correction level at 1230.00, announcing its readiness to resume the bullish attempts again.
Note that the price stability within the bullish channel’s levels and stochastic attempt to provide positive momentum, so that will increase the chances for reaching 1285.00 that represents the initial positive station, and surpassing it might extend the trading to 1385.00 in the upcoming period.
The expected trading range for today is between 1190.00 and 1280.00
The expected trend for today: Bullish
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