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Platinum prices are expected to continue their bearish trend, with recent performance indicating further declines below the $950.00 resistance level. The $920.00 mark has also emerged as a significant barrier, contributing to recent fluctuations around the $900.00 level.
The stochastic indicator’s attempt to move out of oversold conditions may lead to some temporary sideways trading. However, this is likely to be a brief phase as the market accumulates the necessary negative momentum to drive prices lower. The bearish outlook suggests potential declines to targets of $895.00 and $882.00.
For today, the anticipated trading range for platinum is between $895.00 and $920.00.
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How to Trade in MCX Gold Futures?