Platinum (XPTUSD) Up $11.16 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Eyes 20 Day Average

Platinum Daily Price Recap

940.7497 was the closing price of the day for Platinum, resulting in today being one in which price moved up 1.2% ($11.16) from yesterday. Out of the 5 instruments in the metals asset class, Platinum ended up ranking 2nd for the day in terms of price change relative to yesterday. Here is a 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. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From DollarCostAvg:

    Trade plan this week:Silver portfolio: nothing
    Gold portfolio: needs adjusting after we have a substantial move in gold.
    Uranium: nothing
    Platinum: want to add. Watching the 4 names I have now, learning their performance as platinum price increases.

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $946.0 USD per oz 2020-09-02 08:30:18 HKT