Platinum (XPTUSD) last traded at 1903.38, up 4.27% on the session.

Trend and moving averages

The daily structure is described as below the 200-day average but with a mixed short-term picture. Price sits 4.04% above its 20-day average of 1829.51 and 9.63% above the 50-day at 1736.26, so the shorter averages sit well beneath the current print. The 200-day average at 1935.29 remains 1.65% above price, keeping the last close just under that longer-term line. The rising order of the 20- and 50-day figures relative to the 200-day is what produces the mixed read.

Momentum and volatility

The 14-day RSI reads 63.8, inside the neutral 30-70 band and toward its upper half. Average true range stands at 57.35, or 3.01% of price. That ATR sits at the 25th percentile of the past year, meaning the current daily swing is toward the low end of the range Platinum has posted over the last twelve months.

Within its wider range, price occupies the 29th percentile of the 52-week band. The 52-week high of 2919.36 is 34.8% above the last price and was set 192 sessions ago; the 52-week low of 1488.09 sits 27.91% below and was recorded 274 sessions ago, so both extremes are many months back. The nearest 20-day swing high is 1935.23 with a 20-day swing low at 1708.52. Over 60 days the swing high is the same 1935.23, while the 60-day swing low drops to 1556.38, showing how much ground has been covered from that lower level.

Weekly picture

The weekly series carries only 49 bars, described as insufficient history for a long-term trend read, and the 50-week average is not yet available. Against the 20-week average of 1790.27, price stands 6.32% higher. The most recent weekly bar gained 5.1%, and the weekly RSI reads 54.9 β€” a more centred reading than the daily 63.8. The weekly and daily timeframes broadly agree that price sits above its available intermediate averages, though the weekly momentum reading is the more neutral of the two.

On performance, Platinum is up 4.31% over the past week, 8.86% over the month, and 10.33% over the quarter.

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