Platinum (XPTUSD) Down $1.98 On 4 Hour Chart, Fares the Worst Out of metals; Entered Today Down 0.23%

Platinum Daily Price Recap

The back and forth price flow continues for Platinum, which started today off at 862.1737 US dollars, down 0.23% ($1.98) from yesterday. Those trading within the metals asset class should know that Platinum was the worst performer in the class today. Let’s take a look at the daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Notably, Platinum crossed below its 200 day moving average yesterday. 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. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For another vantage point, consider that Platinum’s price has gone up 7 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $863.7 USD per oz 2020-10-08 08:30:18 HKT