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Platinum price fluctuates below the barrier – Forecast today – 19-4-2024
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Platinum price fluctuates below the barrier – Forecast today – 19-4-2024
Apr 19, 2024 2:09 AM

Platinum Price Analysis Expected Scenario The platinum price remains influenced by the $950.00 level, acting as an intraday barrier against bullish momentum. Sideways fluctuation near the $945.00 level indicates a reluctance to resume bullish bias, suggesting a surrender to correctional bearish pressure. There is a possibility of forming new negative waves, potentially targeting the MA55 support around $920.00. However, breaching the current barrier and stabilizing above it could signal a return to bullish sentiment, with initial targets at $987.00 and $1015.00. Expected Trading Range Between $955.00 support and $920.00 resistance.

Trend Forecast: Bearish

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