Platinum price surrenders to the indicators’ contradiction – Analysis – 21-6-2022

Platinum price confirmed surrendering to the domination of the sideways bias by settling above 920.00 support line recently, affected by the continuous contradiction between the major indicators, to keep the stability within the sideways track represented by the current support and 967.00 resistance.

These factors allow us to continue neutral, noting that breaking the support will assist to activate the negative track again, to expect suffering many losses that might start at 890.00 and 855.00 levels.

The expected trading range for today is between 920.00 and 965.00

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The expected trend for today: Neutral