Platinum price approaches the additional support – Analysis – 10-8-2022

The stability of 950.00 led to form correctional bearish wave for platinum price, to approach the additional support at 920.00, while the upcoming scenario depends on the strength of this support line, to expect renewing the bullish attempts and repeat the pressure on 950.00 level, which breaching it will increase the chances of reaching the additional positive stations at 965.00 and 988.00.

Facing strong negative pressures and crawling below the mentioned support will force it to suffer some losses, to expect moving towards 905.00 followed by 885.00 levels initially.

The expected trading range for today is between 920.00 and 965.00

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The expected trend for today: Bullish