Platinum price presses on the moving average – Forecast today – 2-4-2024

Analysis of Platinum Price Movement

• Platinum price started to form new positive waves to notice providing new pressures on the EMA55 at 913.00$ in order to find a way to resume the main bullish attack in the upcoming period.

• The suggested positivity depends on the frequent stability above 892.00$ support line, in addition to stochastic attempt to provide the positive momentum, thus, we will keep our bullish overview that might target 932.00$ initially, followed by reaching the first main target at 950.00$.

Expected Trading Range for Today

1. The expected trading range for today is between 900.00$ and 932.00$

Trend forecast: Bullish