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Platinum

Platinum Bearish?

Platinum price might decline – Forecast today – 22-11-2024

Economies.com

2024-11-22 08:04AM UTC

Platinum price lost the positive momentum due to the frequent stability below the MA55, to hinder the chances of attacking 983.00$ barrier that forms the key to resume the bullish attempts for the upcoming trading.

Stochastic exit from the overbought areas might increase the negative pressures temporarily, allowing us to suggest crawling towards 950.00$ level soon, while breaking it might extend losses towards 920.00$ before any new attempt to achieve the waited positive targets mentioned in our previous reports.

The expected trading range for today is between 935.00$ and 975.00$

Trend forecast: Bearish

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