Platinum PLAT technical analysis

PLAT is trading at $1821.7, up 0.43% in 24 hours, with a mixed daily trend as price sits above the SMA20 of 1,802.87 but below the SMA200 of 1,936.43. Momentum is elevated, with 4h RSI14 at 76, while the 1D RSI14 reads 63.

The immediate battle is between the 4h support zone of 1,818.86-1,824.34 (3 touches) and the falling resistance trendline near 1,826.1 (2 touches), with price inside that narrow band. Above, 4h resistance at 1,837.2-1,845.2 (3 touches) is the first barrier; below, 4h support at 1,806.56-1,812.04 (1 touch) and the rising trendline near 1,796.3 (2 touches) offer deeper floors, backed by the 1D support of 1,812.1-1,835.7 (4 touches).

Bulls need a close above the 4h falling trendline and the 1,837.2-1,845.2 resistance to target 1D resistance at 1,857.56-1,863.04 (1 touch). Bears must push price under the 1,818.86-1,824.34 support zone to test 1,806.56-1,812.04, and a break below the rising