Platinum price fails to surpass the barrier – Analysis – 19-1-2023
Economies.com
2023-01-19 05:50AM UTC
Despite platinum price consolidation within the bullish channel, failing to surpass 1072.00 barrier supports the chances of renewing the correctional bearish attempts, to notice its stability near 1040.00.
Also, stochastic crawl towards 20 level will increase the temporary negative pressures, to expect forming new bearish wave in order to test the bullish channel’s support line at 1015.00 followed by monitoring its behavior to manage to detect the next main targets.
The expected trading range for today is between 1055.00 and 1015.00
The expected trend for today: Bearish
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