Platinum surrenders to the stability of the barrier – Analysis – 24-12-2020

Economies.com
2020-12-24 07:02AM UTC

No change Platinum price correctional bearish track that depends on the continuous solid barrier formed at 1050.00 as appears on the chart, thus, we will keep our expectations to attempt to crawl towards 980.00 level, while breaking it might renew the attempt to reach 945.00.

 

On the other hand, succeeding to breach the current barrier will allow the price to resume the bullish attempts to target 1085.00 followed by reaching 1105.00 and confirm moving to the bullish track again.

 

The expected trading range for today is between 1050.00 and 980.00

 

The expected trend for today: Bearish

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