Platinum Prices Display Bearish Trends with Some Fluctuations

Platinum prices continue to grapple with the robust support at 855.00, resulting in mixed trading patterns and minor fluctuations near the 880.00 level. These price movements take place within the overarching bearish channel, with a key resistance at 932.00 and an additional one at 905.00, forming an extra obstacle.

This scenario suggests the need for further negative momentum to facilitate breaking through these barriers. If successful, platinum may approach subsequent levels around 820.00 and 765.00.

For today’s trading outlook, it is prudent to monitor a trading range between 905.00 and 855.00. The prevailing trend is expected to remain sideways for now.