Platinum price resumes the rise – Forecast today – 15-5-2024

Economies.com
2024-05-15 05:30AM UTC

Platinum Price Analysis

Expected Scenario

  • Platinum price didn’t get enough by touching the main target 1040.00$ yesterday, to notice taking advantage of the positive factors represented by the major indicators that provide the positive momentum, in addition to forming additional support at 1015.00, to assist to resuming the bullish attack and achieve new gains by reaching 1058.50$.
  • The mentioned positive factors allow us to keep the bullish overview for now, which increases the chances of reaching the historical resistance 1085.00$, to form the next target of the bullish trades followed by monitoring the price behavior due to the importance of this resistance to detect the expected trend for the upcoming period.

Expected Trading Range

Between 1040.00$ support and 1085.00$ resistance.

Trend Forecast: Bullish

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