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Platinum price tests the extra support– Forecast today – 01-10-2025
AI Summary
- Platinum price tested extra support at $1525.00 after failing to breach $1605.00 barrier
- Predicted bullish rally towards $1570.00 with potential gains up to $1690.00
- Expected trading range for the day is between $1550.00 and $1605.00, with a sideways trend forecasted
Platinum price failed to breach $1605.00 barrier, which forced it to provide mixed trading by testing extra support at $1525.00, to form new bullish rally towards $1570.00, to confirm the continuation of the suggested bullish attempts.
We expect the continuation of the mixed trading until gathering the required bullish momentum to breach the mentioned barrier, to open the way towards achieving extra gains that might begin at $1642.00 reaching $1690.00.
The expected trading range for today is between $1550.00 and $1605.00
Trend forecast: Sideways
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