Platinum (XPTUSD) Up $13.38 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Breaks Above 20 and 50 Day Averages

Platinum 4 Hour Price Update

Updated July 07, 2020 07:18 AM GMT (03:18 AM EST)

Platinum is up 1.67% ($13.38) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle negative run. Relative to other instruments in the metals asset class, Platinum ranked 2nd since the last 4 hour candle in terms of percentage price change.

Platinum Daily Price Recap

The end of a 3 day negative run has come for Platinum, which finished the previous day up 1.67% ($13.38). Relative to other instruments in the metals asset class, Platinum ranked 2nd since the previous day in terms of percentage price change. Below is a daily price chart of Platinum.

Platinum Technical Analysis

Notably, Platinum crossed above its 20 and 50 day moving averages yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 30 days Platinum’s price has gone down 16 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

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:

    Hong Kong #Platinum #Price Morning Session Close: $834.9 USD per oz 2020-07-07 12:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $837.4 USD per oz 2020-07-07 08:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $821.4 USD per oz 2020-07-06 08:30:18 HKT