financetom
Technology
financetom
/
Technology
/
Platinum price crawls upwards – Forecast today – 31-5-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Platinum price crawls upwards – Forecast today – 31-5-2024
May 31, 2024 1:50 AM

Platinum Price Analysis Expected Scenario Platinum price was affected by the contradiction between the major indicators, to postpone the positive rally and settle within sideways track between 1015.00$ support and 1042.00$ resistance that forms temporary barrier against the bullish attempts. We recommend to stay neutral until exiting the current sideways track by surpassing one of the mentioned levels, as breaching the resistance will allow the price to target some positive stations by rallying towards 1072.00$ and 1085.00$ levels, while breaking the support will confirm forming correctional bearish trades, waiting to reach 1000.00$ followed by targeting 50% Fibonacci correction level at 984.00$. Expected Trading Range Between 1015.00$ support and 1042.00$ resistance.

Trend Forecast: Neutral

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's Nissan, Honda to research software platform together
Japan's Nissan, Honda to research software platform together
Aug 1, 2024
TOKYO (Reuters) - Japanese automakers Nissan Motor ( NSANF ) and Honda Motor ( HMC ) agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on Thursday. The companies also signed a memorandum of understanding to deepen the strategic partnership they announced in March, pledging to cooperate in areas such as...
Bitcoin A CIA Creation? Tucker Carlson Believes So: 'They Got There First. It's Honey Trap'
Bitcoin A CIA Creation? Tucker Carlson Believes So: 'They Got There First. It's Honey Trap'
Jul 31, 2024
Political commentator and former Fox Television host Tucker Carlson raised eyebrows after he claimed that Bitcoin (CRYPTO: BTC) was created by the Central Intelligence Agency. What Happened: During a private event at the recently concluded Bitcoin 2024 conference in Nashville, Carlson poked fun at cryptocurrency maximalists for not knowing the real identity of the pseudonymous creator, Satoshi Nakamoto. “These are not...
Thailand's AIS Partners with Oracle to Elevate Enterprise Solutions: Details
Thailand's AIS Partners with Oracle to Elevate Enterprise Solutions: Details
Aug 1, 2024
Thailand mobile network operator Advanced Info Service plans to deploy Oracle Corporation ( ORCL ) Oracle Alloy and launch AIS Cloud, the country’s first locally owned and operated hyperscale cloud. Oracle Alloy will offer AIS and enterprises across Thailand, including the public sector, access to over 100 Oracle Cloud Infrastructure (OCI) services, including advanced artificial intelligence (AI) capabilities. With a strong...
OKX Ventures, Aptos Foundation Initiate $10M Fund for the Move-Based Layer-1 Ecosystem
OKX Ventures, Aptos Foundation Initiate $10M Fund for the Move-Based Layer-1 Ecosystem
Aug 1, 2024
Aptos is a layer-1 blockchain that uses Facebook's Move programming language.One of its goals is to bridge the gap between DeFi ( DEFTF ) and institutions from the worlds of traditional finance and business.The venture arm of cryptocurrency exchange OKX and the Aptos Foundation, which supports the development of the Aptos protocol, set up a $10 million fund to encourage...
Copyright 2023-2025 - www.financetom.com All Rights Reserved