Platinum (XPTUSD) Down $29.23 On 4 Hour Chart, Fares the Worst Out of metals; Price Base in Formation Over Past 90 Days

Platinum 4 Hour Price Update

Updated June 25, 2020 03:18 PM GMT (11:18 AM EST)

The end of a 3 four-hour candle positive run has come for Platinum, which finished the last 4 hour candle down 3.53% ($29.23). On a relative basis, Platinum was the worst performer out of all 5 of the assets in the metals asset class the current 4 hour candle.

Platinum Daily Price Recap

The end of a 3 day positive run has come for Platinum, which finished the previous day down 3.53% ($29.23). 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.

Platinum Technical Analysis

First things first: Platinum crossed below its 20 and 100 day moving averages yesterday. Price action traders in particular will want to note that the 90 day period 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 10 days Platinum’s price has gone up 5 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $836.3 USD per oz 2020-06-24 12:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $842.2 USD per oz 2020-06-24 08:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $837.3 USD per oz 2020-06-23 08:30:18 HKT