Platinum (XPTUSD) Up $23.83 On 4 Hour Chart, Entered Today Up 2.76%; Crosses 100 and 200 Day Moving Averages

Platinum Daily Price Recap

Platinum entered today at $886, up 2.76% ($23.83) from yesterday. Relative to other instruments in the metals asset class, Platinum ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Notably, Platinum crossed above its 100 and 200 day moving averages yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For additional context, note that price has gone up 15 out of the past 30 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Platinum for the past day were:

  • From platinumquote:

    London & Zurich #Platinum #Price Close: $880.1 USD per oz 2020-10-12 15:00:18 UTC