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Platinum Price Poised for Bullish Rally, Targeting $1005

by Daisy

Platinum prices are making repeated attempts to ignite a bullish rally, now approaching the 55-period moving average (MA55) resistance at $955.00. The price remains supported by the key $920.00 level, and with stochastic momentum staying positive, expectations are high for a strong bullish wave. This could drive the price toward the previously anticipated targets of $983.00 and $1005.00.

The expected trading range for today is between support at $940.00 and resistance at $965.00.

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Trend Forecast: Bullish

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