Platinum price provides positive signal – Analysis – 21-11-2023

Economies.com
2023-11-21 05:17AM UTC

Platinum price extended upwards strongly this morning, attempting to surpass the bearish channel’s resistance at 920.00, to hint the preparation to move towards the bullish track again.

 

Note that it is important to confirm breaching the current resistance to settle above the MA55 in order to gain new positive momentum followed by starting to target the positive stations by moving towards 934.00 soon, followed by attacking 50% Fibonacci correction level at 950.00.

 

The expected trading range for today is between 915.00 and 934.00

 

The expected trend for today: Bullish

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