Platinum price is affected by the stability of the barrier near $1690.00, despite the attempt to provide positive momentum by the main indicators, which forces it to provide new sideways trading near $1650.00 level, attempting to settle above the extra support at $1600.00.
Reminding you that the bullish scenario will remain valid by the stability of the price above 61.8% Fibonacci extension level that is located near $1625.00, which makes us wait to breach the current barrier, then targeting new historical stations that might begin at $1745.00 reaching the next main target near $1835.00.
The expected trading range for today is between $1610.00 and $1690.00
Trend forecast: Sideways until achieving the breach
The (ETHUSD) price declined in its last trading on the intraday levels, after offloading its previous trading by offloading its oversold conditions on the relative strength indicators, opening the way for recording more of the losses on the near-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances for its recovery.
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The (Brent) price declined in its last intraday trading, due to the stability of the current resistance at $62.35, amid the continuation of the negative pressure due to its trading below EMA50, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, on the other hand, we notice the emergence of the positive signals on the relative strength indicators, which might decelerate the decline temporarily on the near-term basis.
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The (silver) price settled high in its last intraday trading, preparing to attack the current resistance at $52.50, supported by forming positive divergence on the relative strength indicators, after reaching sever oversold levels compared to the price move, with the emergence of the positive signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside main and minor trendlines that indicate the stability of this track.
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Subscribe via TelegramFull VIP signals performance report for 6-10, October 2025: