Platinum price lacks the positive momentum – Analysis – 29-3-2023

Platinum price faced additional negative pressures to force it to form more correctional negative waves by declining towards 960.00 as a appears on the chart, reminding you that the bullish scenario will remain valid as long as 950.00 support line remains intact, to increase the chances of gathering the positive momentum and manage to renew the bullish attempts to target 1005.00.

Note that surrendering to the negative pressures and breaking the mentioned support will force it to suffer more losses in the near term period, to expect targeting 925.00 before achieving any new positive target.

The expected trading range for today is between 950.00 and 985.00

The expected trend for today: Bullish