Scenario 1: Positive Stability
In Scenario 1, platinum price is anticipated to maintain a positive stance, consolidating above the Moving Average 55 (MA55), thereby bolstering additional support at $949.00. Recent market activity suggests efforts to establish positive trends, with prices settling around $961.00.
Scenario 2: Bullish Momentum
Scenario 2 indicates a bullish momentum, with stochastic indicators signaling an impending uptrend. Targets for upward movement include $983.00, with potential further gains at $996.00 and $1015.00.
Trading Range
Today’s expected trading range spans from $949.00 to $996.00.