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Platinum price settles near the first target – Forecast today – 13-5-2024
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Platinum price settles near the first target – Forecast today – 13-5-2024
May 12, 2024 11:35 PM

Platinum Price Analysis Expected Scenario Platinum price provided new positive close above 983.00$ level, to confirm its preparation to resume the previously suggested bullish attack and notice its consolidation near the first additional target at 996.00$. We notice stochastic attempt to provide the positive momentum, to reinforce the stability above the additional support at 963.00$ and increase the chances of targeting new positive stations that might start at 1015.00$ followed by reaching 38.2% Fibonacci correction level at 1042.00$. Expected Trading Range Between 980.00$ support and 1015.00$ resistance.

Trend Forecast: Bullish

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