Platinum price gathers its strength – Analysis – 31-3-2023

Platinum price failed to reach 1005.00 barrier, to fluctuate near the MA55 again at 980.00 again, attempting to gather more required positive momentum to resume the bullish attack in the upcoming period.

We remind you that the bullish scenario will remain valid as long as 950.0 support line remains intact, while succeeding to breach the mentioned barrier will open the way to achieve many gains, to expect moving towards 1040.00 and 1072.00 levels initially.

The expected trading range for today is between 960.00 and 1005.00

The expected trend for today: Bullish