Platinum (XPTUSD) Down $31.81 Over Past 4 Hours, Entered Today Down 3.09%; Pin Bar Pattern Appearing on Chart

Platinum Daily Price Recap

Platinum entered today at $873.64978, down 3.09% ($27.85) from the day prior. Those trading within the metals asset class should know that Platinum was the worst performer in the class today. The daily price chart of Platinum below illustrates.

XPTUSD

Platinum Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Platinum crossed below its 20, 50 and 100 day moving averages yesterday. Volatility for Platinum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Or to view things another way, note that out of the past 14 days Platinum’s price has gone down 8 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

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

  • From FairTicketing:

    @cmagovuk if a customer buys a standing ticket at face value for £50 and another customer buys a standing ticket at a platinum price of say £200, if both customers wanted to resell their ticket, the platinum price customer would not have a chance of reselling their ticket until..

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $874.2 USD per oz 2020-10-27 08:30:18 HKT