Although the pair has recently lacked bullish momentum, its repeated positive stability above the additional support level at 205.25 strengthens the chances of forming new upward waves. We can now observe its approach toward the first target mentioned in the previous report, located at 206.35.

The price may currently need to engage in some sideways trading until it gathers additional bullish momentum, which would enhance the chances of resuming its upward attempts toward the barrier at 206.90. A successful break above this level would open the door for further gains that may extend toward 208.10.

Expected trading range for today: between 205.55 and 206.90

Price forecast for today: Bullish, as long as support remains intact.

Platinum price maintained its positive stability during yesterday’s trading above the $1,605.00 level, which currently serves as additional support. This reinforces the dominance of the previously suggested bullish trend as the price fluctuates near $1,640.00.

We emphasize the importance of the price accumulating additional bullish momentum, which would enable it to form strong upward waves, allowing it to break through the $1,695.00 level and then extend gains toward the next main target located near $1,745.00.

Expected trading range: between $1,620.00 and $1,695.00

Price forecast for today: Bullish

Near $5.2000, while the positive factors—particularly the alignment of major indicators supporting bullish momentum—will increase the chances of breaking this barrier and beginning to target the next positive levels at $5.3200 and $5.5000 respectively.

We note that a decline in the price during current trading below $4.9700 and a negative closing may force it into forming temporary corrective movements, attempting to test the support level at $4.7500 before any new attempt to reach the suggested targets.

Expected trading range for today: between $5.1200 and $5.3200

Price forecast for today: Bullish