Platinum (XPTUSD) Up $23.35 in Last 4 Hours, Makes Big Move Relative to Past Month; Came Into Today Up For the 5th Consecutive Day

Platinum Daily Price Recap

Platinum is up 2.69% ($23.39) since the day prior, marking the 5th consecutive day an upward move has occurred. Out of the 5 instruments in the metals asset class, Platinum ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Platinum below illustrates.

XPTUSD

Platinum Technical Analysis

Notably, Platinum crossed above its 50 and 100 day moving averages yesterday. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 9 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Platinum for the past day were:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $870.0 USD per oz 2020-11-05 08:30:18 HKT