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Platinum price needs to surpass the barrier – Forecast today – 17-5-2024
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Platinum price needs to surpass the barrier – Forecast today – 17-5-2024
May 17, 2024 1:38 AM

Platinum Price Analysis Expected Scenario The platinum price touched the $1081.00 level during the last rally, forming a solid obstacle against the attempt to enter the bullish channel that appears on the chart, leading to sideways fluctuation near the $1065.00 level. The stability of the additional support at $1040.00 and stochastic's attempt to provide positive momentum suggest new pressures on the current barrier, with a potential breach reinforcing chances of recording additional gains towards $1105.00 and $1128.00 levels. Expected Trading Range Between $1050.00 support and $1105.00 resistance.

Trend Forecast: Bullish

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