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Platinum prices have failed to sustain a breach of the $935.00 resistance level, resulting in a return to sideways trading around $920.00. This shift suggests a delay in efforts to reestablish a bullish trend.
Currently, stochastic indicators are attempting to generate positive momentum, which may complicate the activation of bearish trades. As a result, platinum prices are likely to remain within a narrow trading range defined by the $935.00 resistance and $907.00 support levels. A decline below this support level could lead to further losses, potentially extending towards $892.00 and $881.00.
For today, the anticipated trading range for platinum is between $907.00 and $935.00.
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