Platinum settles above the support – Analysis 18-1-2019
Economies.com
2019-01-18 09:37AM UTC
Platinum price keeps fluctuating above the initial support at 775.00, announcing the continuation of the bullish correctional bias, that targets mainly the bearish channel’s resistance at 880.00.
Breaching the mentioned resistance will allow it to build a main bullish trading by exiting the main negative track, while the stability of this resistance will increase the chances for forming a strong bearish trading, to target 775.00 level initially, and pressing on 748.00 barrier.
Expected trading range for today is between 775.00 and 850.00
Expected trend for today: Bullish
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