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Platinum price is approaching from the second target – Forecast today – 4-8-2025
AI Summary
- Platinum price ended bearish correctional attack, approaching second correctional target near $1310.00
- Main support at $1245.00 level and positive momentum from stochastic could lead to rally towards $1342.00
- Expected trading range for today is between $1270.00 and $1342.00, with a bullish trend forecasted
Platinum price ended its last bearish correctional attack by hitting $1260.40 level, approaching from the second correctional target, to notice forming some bullish waves, to settle near $1310.00.
Note that the continuation of forming main support at $1245.00 level against the current trading, beside stochastic attempt to provide positive momentum will increase the chances of activating the bullish attempts, to expect its rally towards $1342.00 and surpassing this barrier might extend the trading towards $1383.00, representing the initial main target for the bullish attempts.
The expected trading range for today is between $1270.00 and $1342.00
Trend forecast: Bullish
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