Platinum price hits the moving average – Analysis – 30-1-2023
Economies.com
2023-01-30 05:42AM UTC
Platinum price approached the first negative target at 990.00 on last Friday, to face the moving average 55, which forced it to rebound towards 1020.00 temporarily.
We remind you that the bearish scenario will remain valid as long as the price continues to provide the negative closings below 1035.00 resistance, which allows us to wait to gather the negative momentum and resume the decline to move towards 965.00 that forms the first main target of the bearish track.
The expected trading range for today is between 1030.00 and 975.00
The expected trend for today: Bearish
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