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Platinum prices have resumed their upward trajectory, bolstered by the stability of the $930.00 support level. The precious metal has recently achieved its initial positive target of $968.00, approaching the 55-day moving average (MA55).
Technical indicators suggest that the stochastic oscillator is edging towards overbought territory. This development could enhance the potential for further gains, as the metal aims to surpass the MA55 and reach higher levels. If this positive momentum continues, platinum prices could target new resistance levels, potentially reaching $983.00 and $1010.00.
For today, the anticipated trading range for platinum is between $950.00 and $983.00.
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