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Platinum Price Tests the Support – June 28, 2024

Platinum Price Analysis

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Platinum price underwent a temporary correctional wave yesterday, testing the support line at $983.00 before settling above it. This move confirmed the bullish scenario, with the price closing near $997.00.

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Expected Scenario

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Currently, platinum price requires new positive momentum to sustain its upward trajectory. Breaking above the resistance barrier at $1015.00 is crucial to pave the way for further gains, potentially targeting levels starting at $1042.00.

Expected Trading Range

The anticipated trading range for today is between the support level of $983.00 and the resistance level of $1015.00.

Trend Forecast: Bullish

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