Platinum moves slowly – Analysis – 7-8-2019

Economies.com
2019-08-07 06:37AM UTC

Platinum price continued to provide slow sideways trading recently, attempting to postpone the main bearish attack, while the price have many negative factors, as the price consolidates below the bearish channel’s resistance at 875.00, besides the stability of the moving average 55 above the current trades, these factors agree the negative overview, waiting to form strong negative trades to target 840.00 followed by 790.00 levels.

 

The expected trading range for today is between 860.00 and 830.00

 

The expected trend for today: Bearish

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