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Platinum price under the negative effect – Forecast today – 23-5-2024
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Platinum price under the negative effect – Forecast today – 23-5-2024
May 22, 2024 11:44 PM

Platinum Price Analysis Expected Scenario Platinum price confirmed its surrender to the correctional bearish bias by providing new negative closings below 1042.00$ level, suffering additional losses by reaching 1027.25$. Note that stochastic exit from the overbought areas will assist to reinforce the chances of resuming the negative attack due to the additional negative momentum, to keep waiting to achieve the previously suggested additional targets, located at 1015.00$ and 985.00$. Expected Trading Range Between 1050.00$ support and 1015.00$ resistance.

Trend Forecast: Bearish

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