Platinum (XPTUSD) Down $12.75 Over Past 4 Hours, Started Today Down 1.44%; Breaks Below 100 Day Average

Platinum Daily Price Recap

873.2506 was the closing price of the day for Platinum, resulting in today being one in which price moved down 1.44% ($12.75) from the day prior. Out of the 5 instruments in the metals asset class, Platinum ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Platinum.

XPTUSD

Platinum Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Platinum crossed below its 100 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

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

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $881.0 USD per oz 2020-10-12 08:30:18 HKT