Platinum price continues to postpone the decline – Analysis – 2-2-2023

Platinum price postpone the negative attack by providing new close above the moving average 55, to form new support at 1000.00, affected by stochastic positivity that settles now above 50 level, to extend trades towards 1015.00.

We expect to form more sideways fluctuation, while the main stability below 1040.00 resistance forms major factor to reinforce the chances of declining in the medium term period, reminding you that the negative targets are located near 985.00 followed by 965.00.

The expected trading range for today is between 1030.00 and 1000.00

The expected trend for today: Bearish