Platinum price forced to decline correctionally to the downside – Analysis – 14-11-2022
Economies.com
2022-11-14 05:23AM UTC
Platinum price failed to settle above 38.2% Fibonacci correction level at 1040.00, affected by stochastic attempt to exit the overbought level, forming a bearish correctional wave to 1020.00.
The negative trading might extend to 1005.00, which forms extra support that increases the chances for gaining the positive momentum, which allows it to confirm the breach and resume achieving the gains in the medium period by its rally towards 1075.00 and 1100.00.
The expected trading range for today is between 1005.00 and 1075.00
The expected trend for today: fluctuated
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