#TradFi交易分享挑战 Platinum prices soar, traders bet on Iran peace agreement being reached


Against the backdrop of a general rise in the precious metals market, platinum prices gained strong upward momentum. Palladium prices increased by 3.7%, which is good news for platinum.
From a technical perspective, platinum prices are attempting to stabilize above $1950. If platinum prices remain above $1950, they will move toward the 50-day moving average of $1987. Once they break through the 50-day moving average, it will pave the way for testing the recent resistance levels of $2040-$2060.
On the support side, for platinum to form a short-term downtrend, it must break below the support levels of $1880-$1900. If it falls below $1880, platinum will retreat toward the next support levels of $1780-$1800.
The above analysis is for reference only and does not constitute any investment advice!$XPTUSD
XPT-2.18%
XPD-3.68%
CryptoRock
#TradFi交易分享挑战 Platinum prices soar, traders bet on Iran peace agreement being reached
Against the backdrop of a general rise in the precious metals market, platinum prices gained strong upward momentum. Palladium prices increased by 3.7%, which is good news for platinum.
From a technical perspective, platinum prices are attempting to stabilize above $1950. If platinum prices remain above $1950, they will move toward the 50-day moving average of $1987. Once they break through the 50-day moving average, it will pave the way for testing the recent resistance levels of $2040-$2060.
On the support side, for platinum to form a short-term downtrend, it must break below the support levels of $1880-$1900. If it falls below $1880, platinum will retreat toward the next support levels of $1780-$1800.
The above analysis is for reference only and does not constitute any investment advice!$XPTUSD
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