Platinum (XPTUSD) Down $22.59 Over Past 4 Hours, Breaks Below 20, 50 and 100 Day Averages; Pin Bar Pattern Appearing on Chart

Platinum Daily Price Recap

Platinum closed yesterday down 2.34% ($20.81); this denotes the 2nd consecutive day a decrease has occurred. Out of the 5 instruments in the metals asset class, Platinum ended up ranking 3rd for the day in terms of price change relative to yesterday. Below is a daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Platinum crossed below its 20, 50 and 100 day moving averages yesterday. For additional context, note that price has gone up 8 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $902.1 USD per oz 2020-11-09 12:30:18 HKT

  • From PGM_Investment:

    #Platinum price down $40 on the back of positive #COVID19 news