Platinum continues to be confined within a persistent bearish channel, characterized by a pattern of lower highs and lower lows in its price movement. This ongoing trend suggests a prevailing bearish sentiment in the market. As the price of platinum remains locked within this channel, there is a possibility of a new bearish impulse emerging.
Given the current market conditions and the downward trajectory of platinum, our target for the foreseeable future remains at $985. This target signifies a further decline in the price of platinum, aligning with the prevailing bearish outlook. Traders and investors should closely monitor the price action and market developments to assess potential opportunities within this bearish context.