Platinum price takes breath – Analysis – 15-8-2022
Economies.com
2022-08-15 04:13AM UTC
Platinum price formed temporary negative rebound to take breath after recording 974.50 level, affected by stochastic exit from the overbought areas, expecting to crawl towards the additional support at 950.00 to form major factor to confirm the bullish track that might target the main resistance at 985.00.
In case the price declined below the mentioned additional support, that will force it to suffer additional losses, to expect moving towards the moving average 55 at 935.00 before recording any new positive target.
The expected trading range for today is between 950.00 and 985.00
The expected trend for today: Bullish
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