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