Tokyo, Japan – June 4, 2024 – Platinum prices are experiencing downward pressure today, according to analysts. The forecast suggests a potential decline towards key support levels.
The analysis indicates that Platinum has initiated a new wave of bearish momentum, targeting a price of $1,015 initially. This could pave the way for further declines towards $984 and potentially $948.
Analysts attribute this bearish outlook to Platinum’s inability to breach major resistance levels at $1,080 and $1,042. Additionally, technical indicators like stochastic oscillators are signaling potential weakness, potentially aiding the downward move.
The expected trading range for Platinum today is anticipated to be between $1,030 (resistance) and $984 (support).
Trend Forecast: Bearish
