Global Precious Metals Market – Platinum prices have continued their downward trajectory, maintaining a negative stance below the critical level of $950.00. This bearish trend is marked by the emergence of negative price waves, leading to a consolidation in the vicinity of the initial downside target at $920.00.
Furthermore, stochastic indicators have validated the removal of positive pressures, facilitating the necessary negative momentum for the resumption of bearish movements. As a result, market analysts anticipate a potential decline toward the levels of $880.00 and $855.00 in the near term.
Today’s projected trading range is expected to fluctuate between $940.00 as the upper limit and $890.00 as the lower limit.
The prevailing trend for today is decidedly bearish, reflecting the current sentiment in the platinum market.
