Platinum price moves away from the resistance– Forecast today – 22-5-2024

Platinum Price Analysis

Expected Scenario

• The Platinum price formed more of the bearish correctional waves, to move away from the resistance at 1085.00$, confirming its surrender to the bearish bias domination by hitting 1030.00$ level, attempting to surpass the initial extra support.
• Providing negative momentum by stochastic will increase the efficiency of the suggested bearish correctional track, to keep waiting for targeting extra negative stations that might extend to 1015.00$ and 1000.00$.

Expected Trading Range

Between 1060.00$ support and 1015.00$ resistance.