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The white metal quotes consolidated in a narrow price band - between the key support level of $1009 and the resistance level of $1022.0, as shown on the chart.
The dynamics may remain in this price range for some time.
In case of a breakdown of the upper limit of the corridor, we should expect a price increase to $1056.0 per ounce.
In the event of a breakdown of the resistance level of $1009.0, the downward trend will continue toward the value of $950.0 per ounce.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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