Platinum fell during the most recent trading session as sellers pushed the price of XPT/USD back to the $1,700 mark, which is a major psychological level. The common charts demonstrate that the market continues to muddle through a prolonged pullback from over $2,100. Spot platinum fell slightly to trade near $1,706, down from a 1.95%…
Platinum tumbled sharply, trading toward one of its more closely observed support levels. The latest charts have XPT around $1,750 when it was a little lower at one point during the day, by approximately 4.1%, and market commentary indicated that prices briefly dipped as low as $1,705. The pullback is continuing an ongoing correction from…
Investing.com data showed platinum spot at $1,900.83, down $35.08, or 1.81%, on the day. Platinum weakened during the latest session as XPT/USD fell toward the $1,900 area, with sellers keeping pressure after an earlier intraday recovery failed. Meanwhile, the short-term futures chart showed only a mild bounce. TradingView placed XPTUSDT perpetuals near $1,906.10 at the…
Gold, silver, and platinum traded mixed as metals continued testing important trendline support zones. Analyst Ian Cooper said gold was up 0.2% and silver gained 0.9%, while platinum dropped 0.6% at the time of his update. Cooper noted that all three metals remain focused on the orange trendlines shown on his charts. While prices stay…
At the time of writing, TradingView data showed platinum trading near $1,935.30, up 0.57% on the 30-minute chart after bouncing from fresh intraday weakness. The platinum price remained under pressure today as XPT struggled to recover from a steep pullback below the $2,000 region. The small rebound has not changed the broader short-term picture. Analyst…
The platinum price remained under pressure today after XPT gave back part of its recent rally and moved below the $2,000 area. TradingView data showed XPT/USDT trading near $1,979.90 on the 30-minute chart, with price flattening after a sharp slide from the midweek high. Analysts are now watching whether the latest pullback becomes a deeper…
The platinum price today continued to remain above the $2,000 price band as the XPTUSD price on the daily chart is moving around the $2,062.50 level. The metal was trading with a small positive opening and was being supported by buyers near the intraday high of $2,098.90. Traders on X continued to be intrigued by…
Thursday saw platinum going around the $2,000 mark after a huge recovery from the intraday low. Recently, the XPTUSD chart indicated that the price was close to $2,001.30, having already recovered the price in the 1,960 region and having tested the upper limit of the price at $2,010. The action attracted traders on X who…
Both palladium and platinum are off their highs; however, the recent charts indicate an evident divergence: palladium remains fighting to recover the lost positions, whereas platinum begins to re-establish a more solid short-term recovery above $2000. The one-year charts indicate that there would be a common cycle of steep rallies until late 2025 and early…
The bigger picture remains positive, and the most recent charts indicate that platinum is above key trend areas, although it shows a slight day-by-day fall. Platinum is in the limelight as the metal went on a breakout-led boom to explode past key technical lines, although intraday trading action directed the market to cool to the…