Platinum price fails to breach – Forecast today – 11-4-2024

Platinum Price Analysis

Expected Scenario

• The Platinum price failed to surpass the 987.00$ barrier yesterday, leading to a postponement of the bullish attack and providing mixed trades, with signs of crawling towards 958.00$.
• We will depend on the 950.00$ level forming additional support to increase the chances of gaining the required positive momentum to renew the pressure on the mentioned barrier. Succeeding to breach it will open the way to achieve new gains that might extend towards 1015.00$ followed by 1042.00$ in the medium-term period.

Expected Outcome

Platinum prices are anticipated to rely on the 950.00$ level as additional support, potentially gaining the necessary positive momentum to renew pressure on the 987.00$ barrier. A successful breach could lead to new gains towards 1015.00$ and 1042.00$ in the medium-term.

Expected Trading Range

Between 960.00$ support and 985.00$ resistance.