Advertisements

Platinum Price Analysis: Bullish Momentum Builds Amid Supportive Trends

by Daisy

Platinum’s price trajectory is showing signs of bullish momentum as it begins to distance itself from the key support level of $897.00, affirming its alignment with the bullish scenario. Notably, there is a notable uptick in positive pressure on the moving average MA55, with levels approaching $922.00.

The significance of breaching this critical threshold cannot be overstated, as it would enable the utilization of stochastic positivity, paving the way for fresh gains. Analysts anticipate potential upward movements towards $933.00, with further extensions likely targeting $950.00.

Advertisements

In terms of expected trading range, market participants should keep a close eye on the support level at $915.00, while resistance is expected around $933.00.

Advertisements

Overall, the trend forecast remains bullish, reflecting the prevailing sentiment among traders and analysts alike.

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News