Platinum price reaches key targets – Forecast | 16-01-2026

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Platinum continued to form strong bullish waves yesterday, reaching the previously suggested target of $2,435.00. However, a lack of sustained bullish momentum led to a corrective pullback, with the price settling near $2,330.00.

The bullish scenario remains valid as long as additional support forms around $2,235.00. Traders will be watching for renewed bullish momentum, which could pave the way for a rise toward $2,465.00 and potentially set new historical highs in the near term.

Expected trading range for today: $2,280.00 – $2,440.00
Trend forecast: Bullish

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