3
Platinum prices continue to oscillate within a narrow range as conflicting technical indicators stall any decisive movement. The metal remains supported above the $950.00 level, with a modest rebound pushing it up to $973.00 during recent trading.
Despite these gains, bearish momentum could resume if prices remain below the key resistance at $983.00. A drop below the $950.00 support would likely confirm a renewed bearish wave. Conversely, a break above $983.00 would invalidate the negative outlook and potentially trigger a bullish rally targeting the $1,000.00 level in the short term.
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Expected trading range: $950.00 – $983.00
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Trend forecast: Fluctuating within a bearish framework
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