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Platinum price fluctuates within the bullish track – Forecast today – 1-5-2024
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Platinum price fluctuates within the bullish track – Forecast today – 1-5-2024
May 1, 2024 12:26 AM

Scenarios and Trading Range Expected Scenarios Platinum price fluctuated below the 950.00$ barrier. Temporary correctional rebound was noticed, testing 930.00$. Postponing the bullish attack was forced due to fluctuating below the barrier, with the potential to resume bullish attempts.

Frequent stability above the key support at 898.00$, along with MA55 forming additional support at 922.00$, suggests bullish attempts.

Reacting to stochastic positivity increases the chances of breaching the mentioned barrier and targeting new positive stations, possibly extending towards 962.00$ and 983.00$.

Trading Range The expected trading range for today is between 925.00$ and 950.00$.

Trend Forecast Bullish

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