Despite the weakness of Platinum price’s last trading, its attempt to settle below the moving average 55 at $2000.00 level supports the attempt of activating the bearish corrective trend, to settle near $1922.00.
The continuation of the negative pressures will reinforce the chances of reaching the corrective target at $1865.00, where breaking it might extend the trading towards $1775.00, which will form the next station for the negative attempts, while the risk of changing the trend and begin the bullish trend remains valid if the price managed to surpass $2080.00.
The expected trading range for today is between $1865.00 and $1990.00
Trend forecast: Bearish
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