Platinum price needs new positive momentum – Analysis – 20-3-2023

Platinum price didn’t achieve any new positive gain until this moment, to provide sideways fluctuation by leaning near 970.00, affected by the contradiction between stochastic and the frequent stability of 50% Fibonacci correction level at 950.00.

These factors confirm the domination of the sideways bias for now until gathering the positive momentum to ease the mission of pressing on 1005.00, which surpassing it will open the way to record many gains, targeting 1040.00 as a next main station.

The expected trading range for today is between 965.00 and 1005.00

The expected trend for today: Bullish