Platinum settles within sideways track – Analysis – 1-4-2021

Economies.com
2021-04-01 05:15AM UTC

Platinum price failed to resume the correctional bearish track, to notice its rally towards the initial barrier 1195.00 and postpone the negative trades temporarily.

 

We remind you that the bearish scenario will remain valid as long as 1230.00 remains intact, which forms strong resistance, to keep waiting to gather the additional negative momentum and start achieving the targets by moving towards 1105.00 and 1070.00 levels.

 

The expected trading range for today is between 1210.00 and 1150.00

 

The expected trend for today: Fluctuated within the bearish track

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