Platinum (XPTUSD) Up $16.5 in Last 4 Hours, Tops All metals; Came Into Today Up For the 2nd Day In A Row

Platinum 4 Hour Price Update

Updated June 23, 2020 03:18 PM GMT (11:18 AM EST)

Platinum came into the current 4 hour candle up 2.05% ($16.5) from the open of the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. Platinum outperformed all 5 assets in the metals asset class since the last 4 hour candle. Congrats to its holders!

Platinum Daily Price Recap

Platinum is up 2.05% ($16.5) since the day prior, marking the 2nd day in a row an upward move has occurred. Platinum outperformed all 5 assets in the metals asset class since the day prior. Congrats to its holders! Let’s take a look at the daily price chart of Platinum.

Platinum Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Platinum crossed above its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Platinum’s price has gone up 15 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $837.3 USD per oz 2020-06-23 08:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $829.4 USD per oz 2020-06-23 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