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Platinum prices remained largely unchanged from yesterday, continuing to fluctuate around the 55-period moving average. At present, the metal’s price is holding steady at $975.00, acting as a barrier to any immediate bullish movement.
Traders should note the importance of maintaining support above $950.00, which remains critical for sustaining upward momentum. Positive momentum from the stochastic indicator suggests potential for further gains. If the price breaks through the $983.00 resistance level, it could pave the way for platinum to test higher levels at $995.00 and even $1,010.00.
For today, the expected trading range for platinum is between $960.00 and $983.00.
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