Platinum price begins the decline – Analysis – 26-9-2023

Platinum price got advantage from the repeated negative pressures, to begin forming bearish waves, hitting 907.00 level as appears in the above image, we expect resuming the negative attack to press on the extra support at 880.00, and surpassing it might extend the trading towards61.8% Fibonacci at 850.00, to form the next main target for the bearish trading.

reminding you that holding below 950.00 barrier is important to shrink the chances for changing the trend in the current trading and to avoid unexpected losses before reaching the suggested negative targets.

The expected trading range for today is between 925.00 and 880.00

The expected trend for today: Bearish