Yesterday, the pair’s price experienced strong positive pressure due to the Stochastic indicator reaching the overbought level, enabling it to break through the descending channel resistance at around 162.30. Consequently, we observed its immediate surge towards 163.35, which currently forms a temporary obstacle to confirming the bullish scenario for the upcoming sessions.

The price needs to achieve a new positive close above the broken resistance in order to accumulate the additional positive momentum required to reach further positive levels, which may currently start from 163.80 and extend towards 164.50, thereby forming the next primary target for the bullish move.

The expected trading range for today is between 162.60 and 163.80.

Today's Price Forecast: Bullish

The pair’s price activated a renewed bullish advance in yesterday’s trading by surpassing the established resistance at 193.25, as we observed the beginning of additional gains with its current surge towards 194.27, drawing it closer to the main target proposed in the previous report.

It is noted that the Stochastic indicator currently nearing the overbought level may force the price to engage in some sideways trading until it gathers the additional positive momentum required to confirm its stability above the broken resistance, and then begin targeting new positive levels as it moves towards 194.75, reaching up to 195.60.

The expected trading range for today is between 193.30 and 194.75.

Today's Price Forecast: Bullish

Platinum started today's trading with renewed positive momentum, as evidenced by its touch of the first additional target at $1005.00 and its subsequent consolidation near that level, confirming its adherence to a bullish scenario in both the near and medium term.

It is important to note that the additional support at $983.00 remains firm, and the alignment of key bullish momentum indicators will further increase the chances of the price resuming its upward move until it reaches the 61.8% Fibonacci retracement level at $1017.00, which will then serve as the next primary target.

Expected Trading Range for Today: Between $992.00 and $1017.00

Today's Price Forecast: Bullish