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HomeLatestPlatinum Price Repeats Positive Closings - Forecast for June 25, 2024
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Platinum Price Repeats Positive Closings – Forecast for June 25, 2024

Platinum Price Analysis

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Expected Scenario

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Platinum prices have consistently closed positively above the 50% Fibonacci correction level at $983.00, confirming a sustained bullish trend. Yesterday, the price reached $1010.00, nearing the previously mentioned initial target.

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The ongoing positive momentum indicated by major indicators enhances the likelihood of surpassing the $1015.00 level. This could potentially pave the way for further gains towards additional targets at $1042.00 and $1060.00.

Expected Trading Range

Traders can expect platinum prices to trade within a range of $990.00 support to $1042.00 resistance.

Trend Forecast

The trend forecast for platinum remains bullish, supported by current technical indicators and recent price movements.

Investors and traders should monitor these levels closely to navigate today’s platinum market effectively.

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