Spot Platinum 20210211 10.59

This is as the rare metal is fast approaching the 2015 peak at 1290.30. Negative RSI divergence shows that upside momentum is fading, which can at times precede a turn lower. Should that occur, the 20-day and 50-day Simple Moving Averages (SMAs) could act as support and reinstate the focus to the upside.

 

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