Platinum price takes breath – Analysis – 25-11-2021

Economies.com
2021-11-25 06:42AM UTC

Platinum price started to provide correctional bullish trades, attempting to take a breath and decrease the recent losses by moving away from 950.00 support line, while the current trades might extend towards 1010.00 followed by attempting to renew the negative trades in order to renew the pressure on the mentioned support.

 

On the other hand, getting a positive close above 1010.00 level will confirm surrendering to the domination of the correctional bullish bias, to expect moving towards 1040.00 and face the moving average 55.

 

The expected trading range for today is between 1010.00 and 950.00

 

The expected trend for today: Bearish

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