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Platinum Price Analysis: Anticipated Scenarios and Trading Range for Today

by Daisy

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.

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Trading Range

Today’s expected trading range spans from $949.00 to $996.00.

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Trend Forecast: Bullish

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