In recent market analysis, platinum prices have demonstrated a consistent trend above the $1015.00 support threshold. However, recent fluctuations, notably a decline from the $1062.00 mark to $1035.00, have emerged amidst conflicting signals from major indicators.
The absence of sustained positive momentum suggests a potential shift towards sideways trading patterns. Maintaining the stability of the current support level becomes paramount in facilitating renewed bullish endeavors, with anticipated targets at $1070.00 and $1085.00.
Trading projections indicate a range bound by support at $1020.00 and resistance at $1085.00.
Trend Forecast: Bullish Outlook Persisting