Platinum price moves slowly – Analysis – 26-1-2023

Platinum price repeated the temporary negative trades to postpone the bullish rally due to stochastic attempt to provide the negative momentum, settling near the bullish channel’s support line at 1025.00.

We remind you that the bullish scenario will remain valid as long as the mentioned support remains intact, to increase the chances of reaching the first positive target at 1072.00, while facing new negative pressures and crawling below the major support will confirm moving to the bearish track, to expect suffering big losses by moving towards 1010.00 first, followed by targeting 965.00 level.

The expected trading range for today is between 1030.00 and 1072.00

The expected trend for today: Bullish