Platinum PLAT technical analysis

PLAT trades at $1644.9, down 0.50% over 24 hours. The daily trend is a downtrend, with price below the SMA20 at 1,678.51, while 4h RSI14 at 56 shows mild positive momentum against daily RSI14 at 41.

Price sits inside the 1,643.2-1,666.4 daily resistance zone (5 touches), just above 4h support at 1,630.38-1,635.32 (3 touches) and the rising trendline near 1,641.37. Above, the 1,660.8-1,695.3 zone carries 10 touches; the falling trendline sits near 1,666.45.

Bulls would need a close above 1,666.4 and the 1,666.45 trendline to test 1,677-1,683.2. Bears need a break of 1,630.38 and 1,625.7-1,630.9 to reach 1,613.53-1,618.47.