Platinum moves slowly – Analysis – 24-3-2021

Despite Platinum price consolidation within the correctional bearish track that depends on the stability of 1230.00 barrier, we notice the slow trades due to the contradiction between the major indicators.

In general, we will keep waiting to decline towards the first negative target at 1150.00 as long as the above mentioned barrier remains intact, reminding you that surpassing it will open the way to record more targets that might start at 1105.00 and 1070.00.

The expected trading range for today is between 1200.00 and 1150.00

The expected trend for today: Bearish