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Platinum Price Faces Pressure on Support – Forecast for Today, June 13, 2024

by Jennifer

Platinum Price Analysis

Expected Scenario

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Platinum price continues to experience significant downward pressure on the $948.00 support level, signaling attempts to resume the previously anticipated negative trend. This downward momentum is attributed to the consistent trading below the $983.00 barrier, coupled with bearish signals from major indicators.

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Given these factors, market analysts anticipate a breakthrough to the downside, potentially opening the path towards lower price levels near $928.00 and $905.00.

Expected Trading Range

The expected trading range is anticipated to be between $975.00 and $928.00.

Trend Forecast: Bearish

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