Price had a positive day where, on the intraday chart, buyers defended the dips that went toward the $1,580 area. The precious metal was recovering in the latest session and was back above the $1,610 area after the previous session closed out near that price. TradingView shows platinum around the $1,610.50 mark for the latest…
Gold has re-emerged above the $4,000 psychological level after a powerful bounce back from the session low. Prices have moved closer to the resistance level at $4020-$4025 after a strong intraday move, and investors wonder whether they can successfully cross above the $4,000 mark and further proceed to recover. Gold Price Recovers After a Sharp…
Buyers pushed palladium back up from June lows to trade near $1,300. There was a big gap in the day's trading, with demand returning near the session bottom. The metal bounced back from the afternoon slide, though, to close higher than it did last night. Technicals turned up, but significant resistance continues to cap upside.…
Spot trading prices for lithium carbonate maintained a sturdy trading range this week, with the posted prices above 150,000 yuan per tonne. Recent activity was down slightly from the peaks earlier this year, but inventory and demand continue to hold the market in consolidation. Lithium equities and battery materials stocks had similar trends as the…
Signaling both consolidation and significant price moves, key technical indicators suggest the market is seeking price stability. Prices for platinum remain on a rollercoaster as markets signal mixed signals. Traders are paying attention to the daily and weekly charts for signs of momentum. Daily Movements and Short-Term Fluctuations Platinum is trading close to $1,623 following…
Ethereum’s market setup is getting more interesting because the loudest bullish catalyst is already visible. Spot ETF launches are moving closer, but ETH is not acting like a market in full-blown euphoria. Instead, price is holding support while speculative positioning looks more measured. That may actually be healthier than a blow-off move before the event.…
Silver prices have been trading in a tight range following some volatility lately, and a few technicals suggest range-bound trading. Global trading volumes are moderate. Recent support and resistance levels seem to be under consideration in the market, based on analysts and chart data. Short-term technical indicators, meanwhile, are pointing to some recovery attempts in…
Palladium is once again under pressure and has not been able to break out of a falling wedge resistance trendline, with price action indicating the bears have taken control. Technical charts analyzed by market analysts display the metal trying to establish a breakout but failing as trading is fading near important resistance levels. Importantly, the…
Lithium carbonate is trading around 164,500 CNY/T after pulling back from its recent highs and exhibiting some consolidation after a solid recovery. Lithium rallied from its lows and came into the market before losing steam around higher resistance levels, according to data from TradingEconomics. Especially, lithium assets are also sending mixed signals, as spot prices…
Platinum futures started July on a slightly better footing after a few weeks of weakness that saw prices pull back from mid-June levels. The TradingEconomics chart shows that the market started at approximately $1616 in the morning and accelerated towards $1653.50, up about 1.5% intraday. Buyers do seem to have found some level of confidence…