Platinum reacts to the indicators’ negativity – Analysis – 29-6-2020

Economies.com
2020-06-29 05:09AM UTC

Despite Platinum price consolidation within the bullish track above the key support 765.00, getting negative pressure by the major indicators force the price to form temporary negative crawl to test the key support before recording any new positive target.

 

Renewing the bullish attempts requires holding above the moving average 55 at 870.00, to open the way to start recording the additional targets that start at 915.00 and 980.00.

 

The expected trading range for today is between 850.00 and 780.00

 

The expected trend for today: Bearish

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