Platinum price surrenders to the negative pressures – Analysis – 23-9-2022

Economies.com
2022-09-23 06:38AM UTC

Platinum price repeated its fluctuation below the moving average 55, to keep its consolidation within the bearish track that depends on the stability of 930.00 resistance.

 

Now, the negative momentum coming by stochastic allows us to expect resuming the negative attack, to target 870.00 level soon, followed by pressing on 850.00 obstacle in order to find a way to confirm the continuation of the negativity for the upcoming period.

 

The expected trading range for today is between 910.00 and 870.00

 

The expected trend for today: Bearish

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