Platinum moves slowly – Analysis – 9-9-2020

Platinum price remains within a temporary sideways bias by its repeated fluctuation near the moving average 55, which forms an extra support by its stability at 870.00, resuming the bullish attempts requires gathering new positive momentum, to increase the chances for surpassing the barrier at 980.00, to begin recording extra targets that might begin at 1040.00 and 1105.00.

any attempt to decline below the moving average 55 and holding below it, so that will confirm delaying the bullish attempts, to begin forming bearish correctional trading, to expect suffering temporary losses by reaching 815.00 reaching to the critical support at 740.00.

The expected trading range for today is between 870.00 and 980.00

The expected trend for today: Bullish