Platinum (XPTUSD) Down $0.54 in Last 4 Hours, And A Story About Trevor Raymond; Underperforms All metals
Those trading within the metals asset class should know that platinum was the worst performer in the class today.
(Last Updated January 23, 2021)
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 and 30 day timeframes.
The moving averages on XPTUSD indicate a trend that is clearly bullish.
The chart below illustrates.
At the moment, XPTUSD’s price is up $53.15 (4.95%) from the week prior. Moreover, note that the weekly chart shows that XPTUSD has seen 2 straight up weeks. Regarding the trend, note that the strongest trend exists 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.
Those trading within the metals asset class should know that platinum was the worst performer in the class today.
Platinum outperformed all 5 assets in the metals asset class since the last 4 hour candle.
Platinum price circa$1800) r1-92 – platinum price is circa $1020.
Or to view things another way, note that out of the past 10 days platinum’s price has gone up 7 them.
Out of the 5 instruments in the metals asset class, platinum ended up ranking 2nd for the day in terms of price change relative to yesterday.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
For another vantage point, consider that platinum’s price has gone up 17 of the previous 30 trading days.
For another vantage point, consider that platinum’s price has gone up 6 of the previous 10 trading days.
Or to view things another way, note that out of the past 30 days platinum’s price has gone up 18 them.
Platinum outperformed all 5 assets in the metals asset class since the previous day.