Platinum settles within intraday sideways range – Analysis – 19-4-2021

The contradiction between the major indicators led to witness new sideways trades for Platinum price, to settle near 1207.00 as appears on the chart, reminding you that the continuation of the fluctuation below 1230.00 barrier will increase the chances of renewing the correctional bearish attempts that might target 1170.00 and 1105.00 levels.

On the other hand, surpassing the current barrier and holding above it will allow the price to renew the bullish attempts, expecting to target new positive levels that start from 1290.00 and 1350.00.

The expected trading range for today is between 1230.00 and 1170.00

The expected trend for today: Bearish