Platinum 4 Hour Price Update
Updated December 09, 2020 04:17 AM GMT (12:17 AM EST)
Platinum entered the current 4 hour candle at $1024.17004, down 0.03% ($0.34) from the previous 4 hours. Out of the 5 instruments in the metals asset class, Platinum ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.
Platinum Daily Price Recap
The back and forth price flow continues for Platinum, which started today off at 1022.5 US dollars, up 0.12% ($1.24) from yesterday. Relative to other instruments in the metals asset class, Platinum ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Platinum below illustrates.
Platinum Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 10 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!
Overheard on Twitter
Behold! Here are the top tweets related to Platinum:
- From platinumquote:
New York Comex #Platinum #Price Close: $1031.8 USD per oz 2020-12-08 13:30:18 EST
For a longer news piece related to XPTUSD that’s been generating discussion, check out:
Kitco News Share this article: The platinum market has been in a deficit, and this is expected to continue into 2021, said Trevor Raymond, director of research at the World Platinum Investment Council….However, the price has been suppressed by positions on the futures exchange in 2020, Raymond said.