Platinum price ended its temporary positive rebound by testing 1230.00 barrier, providing negative close below it, to reinforce the previously suggested correctional bearish track, expecting to gather the negative momentum soon to start forming bearish waves and press on 1170.00 level, followed by attempting to reach the first main target at 1105.00.
We remind you that surpassing the current barrier and holding above it will cancel the correctional bearish overview to manage to renew the bullish attempts, expecting to target new positive levels that might start at 1290.00 and 1350.00 levels.
The expected trading range for today is between 1230.00 and 1170.00
The expected trend for today: Bearish