Platinum price keeps the positivity – Forecast today – 22-3-2024

Despite platinum price fluctuating below the MA55 at 915.00$ again and forming new correctional waves by reaching 901.00$, that won’t affect the main bullish track that depends on the stability of the major support at 885.00$.

We notice stochastic exit from the oversold areas to provide good chance to gather the positive momentum, expecting to form new bullish rally soon and surpass the MA55 to succeed to reach the next positive stations near 930.00$ and 950.00$.

The expected trading range for today is between 895.00$ and 915.00$

Trend forecast: Bullish