Platinum price gains new momentum – Analysis – 24-1-2023

Platinum price succeeded to gather the additional positive momentum by stochastic rally above 50 level, to manage to hold above the bullish channel’s support line at 1020.00, noticing the beginning of forming bullish waves by reaching 1055.00.

These factors confirm surrendering to the domination of the bullish bias, to keep our bullish overview and remind you that the next target is located at 1072.00, while surpassing it will push the price to reach 1105.00 that formed strong obstacle against the bullish attempts.

The expected trading range for today is between 1035.00 and 1072.00

The expected trend for today: Bullish