Platinum (XPTUSD) Down $8.25 Over Past 4 Hours, Moves Down For the 2nd Consecutive Day; Pin Bar Pattern Appearing on Chart

Platinum Daily Price Recap

Platinum came into today down 0.94% ($8.25) from the open of the previous day, marking the 2nd consecutive day it has gone down. Relative to other instruments in the metals asset class, Platinum ranked 2nd since the previous day in terms of percentage price change. Here 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 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. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For additional context, note that price has gone up 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $881.0 USD per oz 2020-10-12 08:30:18 HKT