In the recent trading sessions, the Platinum price exhibited a notable bullish wave, signaling a departure from the initial major support level at $1015.00. This upward movement resulted in significant gains, with Platinum rallying towards $1065.00, thereby reinforcing the prevailing bullish bias.
Furthermore, key indicators continue to support this positive momentum, heightening the likelihood of a further advance towards the $1085.00 resistance level, which serves as the primary target for the bullish trajectory. It is imperative for traders to closely monitor price behavior upon reaching this resistance to anticipate potential subsequent targets accurately.
Expected Trading Range:
The anticipated trading range lies between the support level at $1050.00 and the resistance level at $1085.00.
Trend Forecast:
The overall trend forecast remains bullish, reflecting the ongoing strength in Platinum’s upward momentum.