Platinum still limited – Analysis – 22-1-2019

No news for Platinum price that keeps moving between 825.00 initial resistance and 775.00 key support, while we should note that the price consolidation within the main bearish channel will increase the chances of breaking the initial support to pave the way to target many negative levels that start at 748.00 and 660.00.

Now, as the major indicators continue to contradict, we prefer staying aside and wait to breach one of the mentioned levels to manage to detect the main targets for the near term and medium term period without facing any unexpected losses.

Expected trading range for today is between 775.00 and 825.00

Expected trend for today: Neutral