The price of platinum has yielded to the formidable support at 850.00, leading to a temporary postponement of the downward pressure. Currently, a corrective bullish rebound has been observed, pushing the price to reach 886.00.
Anticipated market conditions suggest that mixed trading activity will persist until there is a gathering of negative momentum. This is expected to keep the price stable below the 920.00 barrier. The market is poised to resume its downward trajectory upon breaking the current support, with the next targets set at 820.00 and 790.00 levels.
The projected trading range for the day is anticipated to span between 900.00 and 850.00.
Today’s prevailing trend is expected to be bearish, contingent on the breach of crucial support levels.
