Platinum price maintained its positive stability during yesterday’s trading above the $1,605.00 level, which currently serves as additional support. This reinforces the dominance of the previously suggested bullish trend as the price fluctuates near $1,640.00.

We emphasize the importance of the price accumulating additional bullish momentum, which would enable it to form strong upward waves, allowing it to break through the $1,695.00 level and then extend gains toward the next main target located near $1,745.00.

Expected trading range: between $1,620.00 and $1,695.00

Price forecast for today: Bullish

Near $5.2000, while the positive factors—particularly the alignment of major indicators supporting bullish momentum—will increase the chances of breaking this barrier and beginning to target the next positive levels at $5.3200 and $5.5000 respectively.

We note that a decline in the price during current trading below $4.9700 and a negative closing may force it into forming temporary corrective movements, attempting to test the support level at $4.7500 before any new attempt to reach the suggested targets.

Expected trading range for today: between $5.1200 and $5.3200

Price forecast for today: Bullish