Platinum price consolidates below the barrier – Analysis – 9-6-2023

Despite platinum price recent weak trades, the frequent negative stability below 1040.00 barrier forms major factor to reinforce the chances of resuming the decline, to keep waiting to touch 995.00 level soon, followed by attempting to reach the next main target at 965.00.

Note that the attempt to breach 1040.00 and holding above it will postpone the negative attack, to expect forming correctional bullish waves that might push it to reach towards 1072.00 initially.

The expected trading range for today is between 1032.00 and 995.00

The expected trend for today: Bearish