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Platinum prices have remained consolidated below the $950.00 resistance line, a level fortified by the 55-day moving average (MA55) which aligns closely with current price levels, reinforcing the previously indicated negative outlook.
The stochastic indicator has entered the overbought territory, signaling a reduction in positive pressure. This shift suggests that platinum prices may now accumulate negative momentum, potentially steering the metal towards a target of $920.00, with further support at $907.00.
Today’s expected trading range for platinum is projected to be between $907.00 and $950.00.
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