Platinum (XPTUSD) Up $1.25 On 4 Hour Chart, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Platinum 4 Hour Price Update

Updated June 22, 2020 03:18 PM GMT (11:18 AM EST)

Platinum entered the current 4 hour candle at $805.5, up 0.16% ($1.25) from the previous 4 hours. Out of the 5 instruments in the metals asset class, Platinum ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Platinum Daily Price Recap

The back and forth price flow continues for Platinum, which started today off at 805.5 US dollars, up 0.16% ($1.25) from yesterday. Out of the 5 instruments in the metals asset class, Platinum ended up ranking 4th for the day in terms of price change relative to yesterday. The daily price chart of Platinum below illustrates.

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 14 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 30 days Platinum’s price has gone down 15 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Over on Twitter, here were the top tweets about Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $824.1 USD per oz 2020-06-22 12:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $824.0 USD per oz 2020-06-22 08:30:18 HKT

  • From platinumquote:

    London #Platinum #Price Open: $818.8 USD per oz 2020-06-22 08:30:18 GMT