Platinum (XPTUSD) Up $6.89 On 4 Hour Chart, Crosses 200 Day Moving Average; Pin Bar Pattern Appearing on Chart

Platinum Daily Price Recap

The end of a 3 day negative run has come for Platinum, which finished the day prior up 1.06% ($9.09). Relative to other instruments in the metals asset class, Platinum ranked 2nd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

First things first: Platinum crossed above its 200 day moving average yesterday. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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 HannahF_24:

    So an o2 pre sale for @Kathbum yesterday goes through @TicketmasterUK, got us front row £28 each. Today’s Ticketmaster pre sale, £50 for stalls because they’ve decided to charge platinum price?!
    You’d definitely book elsewhere wouldn’t you if you had common sense 😂

  • From bighalders:

    @JamTarts I also challenged my platinum price versus what I am actually getting. I too have had nothing back from @JamTarts

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $855.3 USD per oz 2020-10-15 08:30:18 HKT