Platinum price fluctuates above the support – Analysis – 8-8-2022
Economies.com
2022-08-08 05:34AM UTC
Platinum price kept its positive stability above the additional support 920.00, to support the bullish track and notice achieving 945.00 level recently, while succeeding to consolidate above the moving average 55 and stochastic positive momentum signals allow us to expect forming new bullish rally to attempt to surpass 950.00 level and reach the next main target at 980.00.
On the other hand, crawling below the mentioned additional support will force the price to renew the negativity and suffer many losses by moving towards 905.00 followed by extending losses towards 870.00 and 855.00 levels.
The expected trading range for today is between 925.00 and 980.00
The expected trend for today: Bullish
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