The price of platinum has remained stable, holding near the support level of $948.00. This stability is largely due to conflicting signals from major market indicators.
It is important to note that continuous negative stability below the $983.00 barrier is a critical factor in confirming a bearish outlook. This scenario suggests that a break below the current support level could facilitate a further decline, potentially targeting additional downside levels at $928.00 and $905.00.
Expected Trading Range
The expected trading range for platinum is between $948.00 and $965.00.
Trend Forecast
The trend forecast for platinum remains sideways.