Platinum repeats the pressure on the resistance – Analysis – 4-1-2021

Platinum price repeated the attempts to press on the bullish channel’s resistance at 1111.00 in order to find a way to resume the previously suggested bullish wave, noting that it is important to monitor the next four hours’ close to manage to detect the near term and medium term targets.

The stability of the current resistance might force the price to form correctional bearish rebound to move towards 1045.00 support line, while achieving the required breach will allow the price to resume the rise and record new targets by reaching 1152.00 and 1195.00 levels.

The expected trading range for today is between 1070.00 and 1111.00

The expected trend for today: Fluctuated within the bullish track