Platinum Price Continues on a Negative Path

The price of platinum has continued to show stability below the $905.00 level, reaffirming its susceptibility to the prevailing bearish sentiment within the key levels of the bearish channel. The price is expected to reach the $883.00 level.

Stochastic indicators have started to provide negative momentum, which is likely to support the formation of new bearish waves. This could lead to a further decline, with the potential to reach the additional support at $855.00. If this level is breached, it might extend medium-term trading towards $820.00 and possibly reach the $780.00 level, which would become the next main target for the bearish bias.

Today’s Expected Trading Range: $855.00 – $905.00

Today’s Trend: Bearish