Platinum (XPTUSD) Up $9.49 Over Past 4 Hours, Crosses 200 Day Moving Average; Price Base in Formation Over Past 30 and 90 Days

Platinum Daily Price Recap

Platinum came into today up 1.12% ($9.49) from the open of the day prior, marking the 2nd consecutive day an upward move has occurred. Relative to other instruments in the metals asset class, Platinum ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Notably, Platinum crossed above its 200 day moving average yesterday. Price action traders in particular will want to note that the 30 and 90 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days Platinum’s price has gone up 7 them.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $835.8 USD per oz 2020-11-02 08:30:18 HKT