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Platinum price awaits the positive momentum – Analysis – 25-1-2024
Platinum price failed to record any new positive target to continue fluctuating near 905.00, affected by the contradiction between the major indicators against the frequent stability above 880.00 that forms major support to reinforce the chances of regaining the bullish bias.
We expect the continuation of the sideways fluctuation until gathering the positive momentum to manage to surpass the MA55 at 920.00 and open the way to reach the additional stations that might start at 950.00 and 982.50.
The expected trading range for today is between 890.00 and 920.00
The expected trend for today: Bullish
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