Platinum price fluctuates within the bullish track – Forecast today – 1-5-2024
Economies.com
2024-05-01 05:23AM UTC
Scenarios and Trading Range
Expected Scenarios
- Platinum price fluctuated below the 950.00$ barrier.
- Temporary correctional rebound was noticed, testing 930.00$.
Postponing the bullish attack was forced due to fluctuating below the barrier, with the potential to resume bullish attempts.
Frequent stability above the key support at 898.00$, along with MA55 forming additional support at 922.00$, suggests bullish attempts.
Reacting to stochastic positivity increases the chances of breaching the mentioned barrier and targeting new positive stations, possibly extending towards 962.00$ and 983.00$.
Trading Range
The expected trading range for today is between 925.00$ and 950.00$.
Trend Forecast
Bullish
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