“Platinum Shows Early Signs of Downward Correction – Market Analysis 08-01-2026”

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Platinum confirmed the dominance of the bearish corrective bias, remaining below the $2460.00 resistance level and forming several bearish waves, reaching the initial target at $2245.00.

The price may enter a period of sideways trading, where the stochastic’s attempt to generate bearish momentum could increase the likelihood of breaking $2240.00. This level would then act as additional support, potentially paving the way for further declines toward $2180.00 and $2130.00.

Expected trading range for today: $2180.00 – $2330.00
Trend forecast: Bearish

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