Platinum prices have shown resilience by maintaining levels above $983.00, generating some bullish momentum as they approach the key resistance at $1,005.00. Continued positive signals from technical indicators would delay any significant bearish pressure, increasing the likelihood of a rally toward the 61.8% Fibonacci retracement level — a critical threshold that may determine the prevailing trend in the near term.
As a result, prices are expected to fluctuate within a narrow range as traders await a decisive move. A break below $983.00 would likely trigger renewed bearish pressure, with potential downside targets near $966.00 and $950.00.
The anticipated trading range for today is between $983.00 and $1,010.00.
Trend Outlook: Sideways with Potential for Volatility
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