Platinum price touches the target – Analysis – 12-2-2024

Economies.com
2024-02-12 07:20AM UTC

Platinum price formed more negative attempts on last Friday, approaching the target at 867.00 followed by forming correctional bullish rebound towards 877.00, hinting its affection by the contradiction between the major indicators.

 

We expect to witness mixed trades until gathering the additional negative momentum to manage to keep its negative stability below 893.00 followed by attempting to target new negative stations that might extend towards 859.00 followed by reaching 840.00 in the medium-term period.

 

The expected trading range for today is between 885.00 and 860.00

 

The expected trend for today: Bearish

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