Welcome to the news page for Platinum (XPTUSD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On XPTUSD, there is currently an uptrend on the 90, 30 and 14 day timeframes.
XPTUSD Moving Averages
The moving averages on XPTUSD indicate a trend that is clearly bullish.
The chart below illustrates.
The View From the Weekly Timeframe
At the moment, XPTUSD’s price is down $-36.99 (-2.9%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. As for the trend on the weekly timeframe, we see the clearest trend on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows XPTUSD’s price action over the past year.