Platinum price leans above the moving average – Forecast today – 8-4-2024
Economies.com
2024-04-08 05:26AM UTC
Platinum Price Analysis
Expected Scenario
- The Platinum price formed mixed trades recently due to stochastic exit from the overbought areas, testing the MA55 at $913.00 followed by starting to renew the bullish trades to settle near $930.00.
- Positive momentum gathering is essential to activate the bullish attack. It is important to surpass the $950.00 barrier to open the way to reach additional stations, starting at $965.00 and $983.00.
Expected Outcome
Renewed bullish trades are expected to push the Platinum price towards surpassing the $950.00 barrier and potentially reaching additional targets at $965.00 and $983.00.
Expected Trading Range
Between $920.00 support and $950.00 resistance.
Trend Forecast: Bullish
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