Platinum Dips Toward Support Levels, Bearish Trend Forecast

by Jennifer

Tokyo, Japan – June 4, 2024 – Platinum prices are experiencing downward pressure today, according to analysts. The forecast suggests a potential decline towards key support levels.

The analysis indicates that Platinum has initiated a new wave of bearish momentum, targeting a price of $1,015 initially. This could pave the way for further declines towards $984 and potentially $948.


Analysts attribute this bearish outlook to Platinum’s inability to breach major resistance levels at $1,080 and $1,042. Additionally, technical indicators like stochastic oscillators are signaling potential weakness, potentially aiding the downward move.


The expected trading range for Platinum today is anticipated to be between $1,030 (resistance) and $984 (support).

Trend Forecast: Bearish

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