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Platinum price needs to break the support – Forecast today – 14-6-2024
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Platinum price needs to break the support – Forecast today – 14-6-2024
Jun 14, 2024 4:02 AM

Platinum Price Analysis Expected Scenario The Platinum price still stable near 948.00$ additional support, affected by the negativity of the MA55, in addition to stochastic fluctuation near 20 level, while facing continuous negative pressure allows us to wait to break the current support, which assists to confirm the negative scenario for the upcoming trading, to expect targeting 928.00$ and 905.00$ levels. On the other hand, forming new bullish rally and surpassing 983.00$ barrier will cancel the negative overview for the near-term period, to expect forming many bullish waves that might push it to reach 1005.00$ and 1018.00$ before reaching any new negative target. Expected Trading Range Between 975.00$ support and 928.00$ resistance.

Trend Forecast: Bearish

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