Platinum (XPTUSD) Up $29.15 in Last 4 Hours, Outperforms All metals; Entered Today Up 3.15%

Platinum Daily Price Recap

The back and forth price flow continues for Platinum, which started today off at 954.1539 US dollars, up 3.15% ($29.15) from the previous day. Platinum outperformed all 5 assets in the metals asset class since the previous day. Congrats to its holders! Let’s take a look at the daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Platinum’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $931.7 USD per oz 2020-09-14 08:30:18 HKT