Platinum Price Looks to Re-enter Bullish Channel: Forecast for April 22, 2025

Platinum has been exerting strong positive pressure on the $972.00 level, which aligns with the extension of the previously broken bullish channel’s support. The stability above the 55-period moving average further strengthens the likelihood of the price re-entering the bullish channel.

A confirmed break above this level is expected to drive platinum towards the 50% Fibonacci retracement at $984.00. If this barrier is breached, the price may continue to rise, with potential targets at $994.00 and $1005.00.

Expected Trading Range for Today: $960.00 to $984.00

Trend Forecast: Bullish

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