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HomeLatestNo News for Platinum Price – Forecast for Today, July 4, 2024
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No News for Platinum Price – Forecast for Today, July 4, 2024

Platinum Price Analysis

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Expected Scenario

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The platinum price is currently devoid of significant developments, maintaining a sideways trajectory with support around $983.00 and resistance at $1015.00. This consistent pattern diminishes the likelihood of a renewed bullish bias at present.

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We adopt a neutral stance until the price decisively surpasses one of these levels. A breakout above the resistance and sustained hold could rejuvenate bullish sentiment, targeting levels such as $1042.00 and $1075.00. Conversely, a breach of support would reinforce a correctional bearish bias, potentially leading to a decline towards $950.00 before considering new positive targets.

Expected Trading Range

Support: $983.00

Resistance: $1015.00

Trend Forecast: Neutral

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