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Platinum price postpones the rise – Forecast today – 16-4-2024
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Platinum price postpones the rise – Forecast today – 16-4-2024
Apr 16, 2024 12:06 AM

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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