Platinum price didn’t confirm the breach – Forecast today – 15-4-2024

Scenarios and Trading Range

Platinum price failed to confirm breaching 987.00$ barrier, to form some correctional waves and crawl towards 970.00$ level, while the intraday negativity is caused by stochastic exit from the overbought areas, to expect its affection by instability and provide mixed sideways trades.

We remind you that the frequent stability above the additional support 950.00$ forms major factor to reinforce the chances of continue the bullish trend, to keep waiting to gather the positive momentum and confirm breaching the barrier to open the way to record new gains that might extend towards 1015.00$ followed by 1042.00$ levels.

The expected trading range for today is between 960.00$ and 990.00$

Scenario Report

1. Failure to breach 987.00$ barrier.
2. Correctional waves towards 970.00$.
3. Intraday negativity due to stochastic exit from overbought areas.
4. Stability above 950.00$ reinforces bullish trend.
5. Waiting for positive momentum confirmation.
6. Potential gains towards 1015.00$ and 1042.00$ levels.