Platinum (XPTUSD) Down $0.05 Over Past 4 Hours, Entered Today Down 0.15%; Pin Bar Pattern Appearing on Chart

Platinum 4 Hour Price Update

Updated December 15, 2020 02:01 AM GMT (10:01 PM EST)

1007.57172 was the closing price of the four-hour candle for Platinum, resulting in the current 4 hour candle being one in which price moved down 0% ($0.05) from the last 4 hour candle. Relative to other instruments in the metals asset class, Platinum ranked 2nd since the last 4 hour candle in terms of percentage price change.

Platinum Daily Price Recap

Platinum closed the previous day down 0.15% ($1.53); this denotes the 2nd consecutive day it has gone down. Platinum outperformed all 5 assets in the metals asset class since the previous day. Below is a daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Volatility for Platinum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Platinum’s price has gone up 19 of the previous 30 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.