Platinum (XPTUSD) last changed hands at 1716.78, down 2.31% on the session.

Trend and moving averages

The structure is described as below the 200-day average but with a mixed short-term picture. Price sits 2.21% above its 20-day SMA (1679.62) and 4.21% above its 50-day SMA (1647.42), yet it remains 13.62% under the 200-day SMA at 1987.54. That split β€” above the two shorter averages, well below the long one β€” is the source of the mixed reading.

Momentum and volatility

The 14-day RSI reads 54.7, squarely in the neutral 30-70 band. The 14-day ATR is 55.06, or 3.21% of price. That volatility figure sits low against the instrument’s own year: at the 16th percentile of the past twelve months, current daily ranges are toward the calmer end of what platinum has posted over that window.

Range and position

Price is 41.19% below the 52-week high of 2919.36 and 15.37% above the 52-week low of 1488.09, placing it at the 16th percentile of its one-year range β€” near the lower portion. The 52-week high was set 169 sessions ago and the low 251 sessions ago, so neither extreme is recent. Nearer in, the 20-day swing high is 1801.74 and the 20-day swing low 1572.80, while the 60-day swing high stands at 1902.00 and the 60-day swing low at 1529.34. Current price sits between the 20-day markers and inside the wider 60-day band.

Weekly picture

The weekly frame draws on 45 bars, which is flagged as insufficient history for a long-term trend read. Price is 5.62% below the 20-week SMA at 1818.98; the 50-week average is not yet available. The weekly RSI reads 46.0, and last week closed down 1.44%. Where the daily chart shows price above its 20- and 50-day averages, the weekly view has price beneath its 20-week average β€” a point of disagreement between the two timeframes, with the weekly RSI sitting lower than the daily’s.

Over longer windows, performance shows a 2.41% gain across the month, offset by a 1.89% decline over the week and a 13.06% drop across the quarter.

Descriptive technical summary generated by the ForexBullion Research Team from our own price feed. Not investment advice.