Platinum price moves slowly – Analysis – 5-7-2022

Despite the factors that confirm the domination of the bearish bias, platinum price fluctuates slowly near 885.00, reminding you that the frequent negative stability below 925.00 forms major factor to reinforce the bearish scenario, allowing us to wait to form new negative wave to press on the initial support at 855.00.

Stochastic decline towards 20 level will increase the chances of achieving the required break, to ease the mission of recording new negative targets that might extend towards 825.00 and 790.00 levels.

The expected trading range for today is between 900.00 and 855.00

The expected trend for today: Bearish