Platinum (XPTUSD) Down $1.1 in Last 4 Hours, 2 Day Up Streak Broken; Eyes 20 Day Average

Platinum Daily Price Recap

The choppiness in the recent daily price action of Platinum continues; to start today, it came in at a price of 925 US dollars, down 0.12% ($1.1) since yesterday. Relative to other instruments in the metals asset class, Platinum ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. Or to view things another way, note that out of the past 30 days Platinum’s price has gone up 18 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From KeepersJeremy:

    @Caseforsilver I think I heard David Morgan comment recently that Platinum price is primarily driven by industrial manufacturing demand whereas gold is more of a financial instrument.

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $931.7 USD per oz 2020-09-14 08:30:18 HKT