Platinum price resumes the correctional decline – Forecast today – 23-4-2024

Platinum Price Analysis

Expected Scenario

• Platinum price faced new negative pressures yesterday by stochastic consolidation within the oversold areas, to notice forming new negative crawl and settle below the additional support 920.00$, confirming its preparation to resume the correctional attack.
• Also, the stability of the MA55 above the current trades will increase the negative pressures, allowing us to suggest suffering additional losses by moving towards 907.00$ followed by attacking the major support 895.00$.

Expected Trading Range

Between 925.00$ support and 907.00$ resistance.