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Platinum price is slow – Analysis – 17-1-2022

2022-01-17 06:40:17 GMT (Economies.com)
Platinum price is slow – Analysis – 17-1-2022
 

Platinum price formed slow trades despite its frequent above 925.00 support line, affected by the negativity of the moving the average that keeps forming solid barrier at 1000.00.

 

These factors confirm surrendering to the domination of the sideways bias until achieving the required breach that will allow the price to continue achieving the positive targets by rallying towards 1040.00 and 1072.00 levels.

 

The expected trading range for today is between 950.00 and 1000.00

 

The expected trend for today: Bullish

 
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