Platinum price begins positively – Analysis – 22-11-2022

Platinum price opened today with clear positivity, taking advantage of 965.00 level forming the additional support, to notice rallying towards 993.00, also, stochastic exit from the oversold areas confirms gathering the positive momentum, allowing us to suggest the bullish rally to target 1010.00 level soon, while surpassing it will extend trades towards 38.2% Fibonacci correction level at 1040.00.

On the other hand, declining below 950.00 will force it to resume the negative correction, to suffer additional losses that might extend towards 920.00 that forms the extension of the main support that appears on the chart.

The expected trading range for today is between 960.00 and 1010.00

The expected trend for today: Bullish