Platinum price postpones the rise – Forecast today – 16-4-2024
Economies.com
2024-04-16 05:45AM UTC
Platinum Price Analysis
Expected Scenario
- Platinum price repeated the negative closings below $987.00 barrier.
- To force it to postpone the bullish attack and provide new mixed trades by setting near $965.00 now.
- Stochastic decline below 50 level confirms the price surrender to the sideways bias.
- It is important to hold above the additional support $950.00 to decrease the chances of activating the negative attack and suffer many losses.
Expected Outcome
Succeeding to surpass $987.00 barrier and holding above it will ease the mission of recording the additional positive targets near $1015.00 and $1042.00.
Expected Trading Range
Between $960.00 support and $985.00 resistance.
Trend Forecast: Sideways
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