Platinum price awaits to surpass the obstacle – Analysis – 9-8-2022

Platinum price still affected by the stability of 950.00 obstacle, to force it to postpone the bullish attack and for sideways fluctuation near 940.00, reminding you that the bullish scenario will remain valid as long as 925.00 support line remains intact in addition to the continuous positive momentum coming by the major indicators.

These factors allow us to wait to breach the mentioned obstacle to reinforce the domination of the bullish bias that might target 965.00 level initially, followed by reaching the major resistance at 988.00.

The expected trading range for today is between 935.00 and 965.00

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The expected trend for today: Bullish