Platinum price fluctuates below the additional barrier – Analysis – 19-9-2023

No change to platinum price correctional bullish track until this moment by settling near 933.00, confirming postponing the previously suggested negative attack, reminding you that the stability of the additional barrier at 950.00 will form solid obstacle against the positive attempts, allowing us to waiting to gather the negative momentum again and ease the mission of activating the bearish track and decline towards 880.00 followed by reaching the main negative target at 855.00.

The above chart shows the MA55 approach to the additional barrier to confirm confining trades within the previously suggested negative track, also, stochastic reach to the overbought areas confirms the beginning of getting rid of the positive pressures, to provide chances to gather the required negative momentum to achieve the mentioned negative targets.

The expected trading range for today is between 950.00 and 910.00

The expected trend for today: Bearish