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Platinum faced significant bearish sentiment as it slipped below the $935.00 support line yesterday, marking additional losses with a decline to the 23.6% Fibonacci correction level at $906.00.
Persistent closings below the recently breached support level, coupled with stochastic indicators edging towards oversold territory, indicate potential for further downside. Analysts anticipate potential targets at $890.00, with subsequent levels at $880.00.
Today’s projected trading range spans between $925.00 and $890.00, reflecting ongoing market volatility and bearish momentum in platinum prices.
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