Platinum postpones the bullish attack – Analysis – 24-2-2021

Platinum price did not achieve any additional positive level due to the lack of the positive momentum, to notice postponing the bullish attack and fluctuating near 1225.00, while this decline won’t form any threat to the positive stability due to the stability of the extended support at 1171.00, expecting to attempt to gather the positive momentum again to manage to rally towards 1300.00 that represents the first positive station of the bullish track.

Note that the price attempt to settle below 1230.00 will force it to renew the correctional bearish attempts until testing the mentioned support followed by starting to form the bullish attack until achieving the waited additional targets.

The expected trading range for today is between 1230.00 and 1300.00

The expected trend for today: Bullish