(Last Updated July 8, 2020)
Hello! This is the news page for Platinum. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
As for trends on XPTUSD, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
Nuances in the trend on XPTUSD can be understood by observing the behavior of its moving averages. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bearish, implying a downward trend, aside from a rally about 2 months prior.
The chart below illustrates.
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.
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.
Platinum outperformed all 5 assets in the metals asset class since the last 4 hour candle.
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.
On a relative basis, platinum was the worst performer out of all 5 of the assets in the metals asset class today.
Those trading within the metals asset class should know that platinum was the worst performer in the class today.
Relative to other instruments in the metals asset class, platinum ranked 4th since yesterday in terms of percentage price change.
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.
Relative to other instruments in the metals asset class, platinum ranked 4th since the day prior in terms of percentage price change.
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.