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Platinum prices have persistently demonstrated a bearish trajectory in recent trading sessions, notably slipping beneath the crucial initial support level at 922.00. This decline reaffirms the bearish scenario previously outlined.
Moreover, the stochastic indicator’s consolidation within the oversold territory amplifies the downward pressure, potentially smoothing the path toward achieving the first anticipated target at 895.00. Beyond that, investors await a further descent toward the next target situated at 855.00.
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Today’s trading range is expected to oscillate between 925.00 and 880.00, encapsulating the key price levels to watch.
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The prevailing sentiment for the day leans decidedly bearish, with no immediate signs of reversal.
