Platinum moves within tight range – Analysis – 7-9-2021

Platinum price is suffering from the tight trading range, confined between 1015.00 support and 1032.00 resistance, thus, we expect the continuation of the fluctuation within sideways range until surpassing one of these levels to manage to detect the next targets.

Note that surpassing the mentioned resistance will confirm moving to new bullish track to start targeting positive levels that start at 1055.00, while crawling below the current support will increase the chances of resuming the negative attack, to expect reaching 1002.00 followed by 975.00 levels.

The expected trading range for today is between 1015.00 and 1032.00

The expected trend for today: Sideways