In a June 29 Barchart article, Platinum Fails- Time to Buy? I wrote:
Based on the price action over the past years, platinum is back in the buy zone well below the $1,000 level in late June 2023, and the odds favor a rally above the pivot point. However, it is impossible to pick highs or lows in any market, and platinum’s illiquid nature can cause prices to rise or fall to levels that defy rational, logical, reasonable technical, and fundamental analysis. When buying to trade platinum’s range, leave plenty of room to add on further declines as there is always a potential for a sudden downdraft. On the upside, short positions involve more risk, as a long-awaited bullish technical breakout could be explosive.
