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