7
The price of platinum has continued its downward trajectory, maintaining a position below the 55-day moving average (MA55). It recently touched $924.00, nearing its previously anticipated first target.
Market analysis suggests that the $950.00 level will serve as a crucial resistance point, potentially generating additional negative momentum. Should platinum breach the $920.00 mark, the next significant support level is projected to be around $907.00.
For today, traders can expect platinum to trade within a range of $907.00 to $935.00.
Related topic:
How to Trade in MCX Gold Futures?