Platinum (XPTUSD) Up $14.75 Over Past 4 Hours, Started Today Up 1.7%; Pin Bar Pattern Appearing on Chart

Platinum 4 Hour Price Update

Updated November 13, 2020 01:56 AM GMT (09:56 PM EST)

The choppiness in the recent four-hour candle price action of Platinum continues; to start the current 4 hour candle, it came in at a price of 879.87982 US dollars, up 1.7% ($14.75) since the previous 4 hours. On a relative basis, the current 4 hour candle were pretty good: Platinum bested all 5 of the assets in the metals class 🙂

Platinum Daily Price Recap

879.87982 was the closing price of the day for Platinum, resulting in today being one in which price moved up 1.7% ($14.75) from the previous day. Platinum outperformed all 5 assets in the metals asset class since the previous day. Congrats to its holders! Below is a daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Notably, Platinum crossed above its 20 day moving average yesterday. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Platinum’s price has gone up 7 of the previous 10 trading days. 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 TAPE971:

    @basharghafour @TheCrewGame It´s a dynamic points system… You need to improve your scores just as others need to as well if they want to keep the platinum price

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $861.2 USD per oz 2020-11-12 08:30:18 HKT