Platinum still positive – Analysis – 8-4-2020

Economies.com
2020-04-08 08:30AM UTC

No change to Platinum price’s correctional bullish track that keeps providing closings above 710.00, thus, we will keep our positive overview until reaching the main target 790.00 followed by monitoring the price behavior to manage to detect the next main trend.

 

We should note that attempting to crawl below the current support and holding below it will reinforce the domination of the bearish bias to open the way to target many negative levels by moving towards 660.00 followed by 590.00.

 

The expected trading range for today is between 710.00 and 765.00

 

The expected trend for today: Bullish

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