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Platinum / U.S. Dollar

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XPTUSD 1W:While Everyone Watches Gold, Platinum Quietly Wakes UpGold gets the headlines — but platinum just broke two years of silence with a clean, high-volume breakout from a symmetrical triangle on the weekly chart. And this isn’t noise — this is the structural shift traders wait for. Price has been coiled inside a compressing wedge since early 2022. Equal highs. Equal lows. Stop hunts both ways. The classic “shake out before take off.” Now? The breakout is in. And the weekly candle closed above resistance with volume confirmation. Oh, and while we're at it — the 50MA just crossed above the 200MA, signaling a long-term trend reversal. Target? Measure the triangle height: ~398 points. That projects a breakout target of 1440 USD, which aligns perfectly with previous institutional rejection zones. But this isn’t just about the chart. 🔹 South Africa, the top global supplier, is struggling with energy and production cuts; 🔹 The Fed is pausing rate hikes — the dollar weakens, metals rally; 🔹 Demand from hydrogen tech, clean energy, and industrial catalysts is on the rise. Translation? Smart money has been accumulating. The move from 965–1070 was just the ignition. The drive hasn’t started yet. So while everyone fights over gold highs, platinum sits at the base of a move no one's prepared for — except those who know how accumulation ends. 🧭 Key support: 965–985 📍 Resistance zone: 1150–1180 🎯 Measured target: 1440+
OANDA:XPTUSDLong
by TotoshkaTrades
3
Platinum hits key levels: what comes next?Platinum reached our 1128 target after a textbook breakout. Now what? Watch as we map the next move using technical patterns and inflation-adjusted charts. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XPTUSDLong
by ThinkMarkets
2
Possible target ~$1800Platinum is breaking out on weekly and daily time scale our of ascending triangle and channels with big volumes. multiyear breakout possible with high certainty as geopolitical situation will change the things for long as low trust environment (which is not new) but now with attack on Iran, and Ukrain Russian prolonged war and support to Ukraine by many big countries will change the relation for long, specially high tech items, metals and minerals. Target based on rounding bottom pattern for multiyear breakout. In future it can surpass gold given its ornamental value and almost zero metal loss due to scratching over time.
CAPITALCOM:PLATINUM
by sunilmandhan
Platinum trade review and new setupLast week we called the dip in Platinum. In this video, I break down how the trade idea played out, the different ways you could have entered, and what to watch next. We also look at the weekly chart, Fibonacci levels, and key support zones to prepare for the next move. Still bullish, but execution matters. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XPTUSDLong
by ThinkMarkets
Platinum Wave Analysis – 24 June 2025- Platinum reversed from the support area - Likely to rise to resistance level 1350.00 Platinum recently reversed up from the support area between the upper trendline of the recently broken up channel from May (acting as the support after it was broken) and the support level 1250.00. The upward reversal from this support area continues the active minor impulse wave 5 from the end of May. Given the strong daily uptrend, Platinum can be expected to rise to the next resistance level 1350.00 (which stopped the previous impulse wave i).
CAPITALCOM:PLATINUMLong
by FxProGlobal
Platinum Wave Analysis – 12 June 2025 - Platinum broke resistance zone - Platinum to rise to resistance level 1350.00 Platinum continues to rise strongly after the recent breakout of the resistance zone between the key resistance level 1200.00 and the resistance trendline of the accelerated up-channel from May. Platinum previously broke another up channel from April – which signalled the acceleration of the active impulse waves 5 and (3). Platinum can be expected to rise to the next resistance level 1350.00 (target price for the completion of the active impulse waves 5 and (3).
CAPITALCOM:PLATINUMLong
by FxProGlobal
2
Platinum 10 years accumulation 2 000 USD Overview of Catalysts Here’s a detailed look at the top 10 key catalysts influencing platinum prices—and how they stack up on a 0–10 impact scale 🎯. 1. Supply Deficits (Mining Shortfalls) ⛏️ Trend: Persistent structural deficits—the largest since 2013—with a projected deficit of \~598 koz in 2024. Drivers: Declining output in South Africa and Russia, underinvestment, and aging mines. Impact Score: 10/10 – Direct upward pressure on price. 2. Industrial Demand & Green-Energy Growth 🏭 Trend: Industrial consumption is booming, with strong growth in sectors like wind turbines, glass, and electronics. Support: This broad demand fuels a large part of the supply deficit, and goes well beyond automotive use. Impact Score: 9/10 – Strong structural support. 3. Auto Catalyst Substitution (Pd → Pt) 🔄 Trend: Cost-effective substitution as platinum approaches price parity with palladium; significant volume was substituted in 2023, with more projected for 2024. Significance: Boosts automotive demand in an area previously dominated by palladium. Impact Score: 8/10. 4. Electric Vehicle Adoption (EVs) ⚡ Trend: EVs don’t use platinum in catalytic converters, which is a structural hit to demand as EV growth continues. Significance: Long-term downside pressure. Impact Score: 7/10. 5. Hydrogen Fuel Cell Demand 💧 Trend: Hydrogen vehicles use platinum, with projected demand growth toward 2030. Limitations: Growth remains slower than battery EVs. Impact Score: 6/10. 6. Recycling Constraints 🔄 Trend: Recycling, which provides about a quarter of supply, is falling due to fewer end-of-life vehicles and glass, reducing the supply buffer. Market Effect: This amplifies supply tightness. Impact Score: 6/10. 7. Chinese Emission Policies 🏭 Trend: China’s tightening emissions regulations are supporting demand, with end uses well protected against a slowdown. Importance: China is the largest platinum user; policy gives stability. Impact Score: 7/10. 8. Jewellery & Investment Trends 💍 Trend: Jewellery demand remains steady, and investment demand is rising. Note: This is a smaller demand segment, but it is supportive. Impact Score: 5/10. 9. Macroeconomic & Auto Production Outlook 📉 Trend: Weak global auto production is lowering platinum use, but recovery in auto could lift demand. Aftermath: Economic rebound could support prices. Impact Score:** 5/10. 10. Speculative Sentiment & Positioning 📈 Trend: Inventories are depleted; investors are waiting for a breakout. Tipping Point: A price surge could spark momentum-driven demand. Impact Score:** 4/10. | Rank | Catalyst | Score (/10) | | ---- | ---------------------------------- | ----------- | | 1 | Supply Deficit | 10 | | 2 | Industrial / Green-Energy Demand | 9 | | 3 | Auto Catalyst Pd → Pt Substitution | 8 | | 4 | EV Adoption (Negative Impact) | 7 | | 5 | Chinese Emission Policies | 7 | | 6 | Hydrogen Fuel Cell Growth | 6 | | 7 | Recycling Constraints | 6 | | 8 | Jewellery & Investment Demand | 5 | | 9 | Macro Slowdowns / Auto Production | 5 | | 10 | Speculative Positioning | 4 | 📌 Key Insights & Outlook * Tight supply and diversified demand—especially from green energy and industrial sectors—are the strongest bullish forces for platinum. * Auto-driven substitution offers further upside, while EV growth and recycling limitations act as constraints. * Chinese regulations add resilience; hydrogen offers potential if growth accelerates. * Jewellery and investment flows remain minor but supportive. * Much depends on auto sector recovery and investor psychology—momentum effects could amplify gains if technical levels break. 🔮 Final Take Platinum remains positioned for medium-term strength, thanks to severe supply tightness and robust non-auto demand drivers. For investors, key areas to watch are further deficits, industrial trends, and catalytic substitution. Be mindful of potential headwinds from EV adoption and macroeconomic softness, but the structural case remains compelling.
OANDA:XPTUSDLong
by ProjectSyndicate
35
Platinum breaks out decisively to four-year highsPlatinum reached its highest price since June 2021 on 9 June above $1,200 amid a major shortfall in supply. The World Platinum Council expects insufficient supply of nearly a million ounces this year amid disruption in South African mining and a surge in demand from China. Trading a chart like this is obviously challenging for many strategies because it’s difficult to predict how much longer momentum might continue; eventually the price will need to consolidate or retrace. The 50% daily Fibonacci retracement around $1,050 would traditionally be an obvious place to buy in but given the strength of the recent gains it’s questionable whether the price might just move below there if there’s a deep retracement. February 2021’s high around $1,335 would be an equally obvious potential resistance. However, under the circumstances of such strong movements and clear overbought conditions, confident new buyers might strike a compromise between buying the peak and waiting for the bottom of a potential retracement. The reaction to American inflation on 11 June might make the situation clearer. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
SAXO:XPTUSD
by Michael_Stark_Exness
Platinum's Quiet Ascent: What Drives Its New Value?Platinum, often operating in the shadow of gold, has recently experienced a significant surge in value, reaching multi-year highs and capturing considerable investor attention. This resurgence is not arbitrary; it stems from a complex interplay of industrial demand, tightening supply, evolving geopolitical dynamics, and a notable shift in investment sentiment. Understanding these underlying forces becomes crucial for investors seeking to decipher the trajectory of this vital industrial precious metal. A primary catalyst for platinum's price rally is its strong industrial utility, particularly within the automotive sector, where it remains indispensable for catalytic converters. While the rise of battery electric vehicles presents a long-term shift, the robust growth in hybrid vehicle production continues to sustain demand. Critically, the market faces persistent physical deficits, with supply consistently falling short of demand for the past two years, a trend projected to continue into 2025. Mine output struggles due to disruptions in key producing regions, such as South Africa and Zimbabwe, and secondary supply from recycling has proven insufficient to bridge the growing gap. Geopolitics and strategic investment further amplify platinum's upward trajectory. China has emerged as a pivotal market, with a sharp rebound in demand as consumers increasingly favor platinum for both jewelry and investment amidst record gold prices. This strategic pivot by the world's largest consumer market is reshaping global platinum price discovery, supported by China's initiatives to develop new trading ecosystems and futures contracts. Concurrently, renewed investor confidence is evident in growing inflows into platinum Exchange-Traded Funds (ETFs) and robust physical buying, with anticipated lower borrowing costs also enhancing its appeal. In essence, platinum's current rally reflects a powerful combination of tightening supply and resilient industrial demand, underscored by strategic shifts in major consumer markets and renewed investor interest. As above-ground stocks gradually deplete and the market anticipates continued deficits, platinum is poised for a sustained period of relevance, offering compelling prospects for those who recognize its multifaceted value proposition.
FX_IDC:XPTUSDLong
by UDIS_View
Platinium/ Buy optionThere are several factors that are causing platinum to be much cheaper than gold at the moment. Chief among them is the expected decline in demand for the metal, due to the decline in diesel car sales in Europe, mainly because a significant part of metal consumption is related to catalytic converters used in diesel cars. The depreciation of the dollar is another factor that negatively affects the price of platinum, as well as other precious metals. Since the beginning of 2021, the metal has been steadily decreasing its stock price and at the moment we are observing indications of its upcoming appreciation. I have noted three main zones on the daily and weekly charts that will influence the movement of the new bullish trend.
CAPITALCOM:PLATINUMLong
by PpetroeR
5
Soaring platinum breaks a 3 year high at $1,152.50/ozChina, the world’s largest consumer of platinum, imported its highest amount in a year last month. Retail investment demand (bars and coins) in China more than doubled, overtaking North America as the top market for platinum investment. Analysts at Bloomberg Intelligence predict that global platinum demand will exceed supply for the rest of the decade. Key technical levels: • Platinum futures hit a 3+ year high at $1,152.50/oz. • Next resistance levels: o $1,197.00 (March 2022 high) o $1,281.40 (May 2021 high) o $1,348.20 (February 2021 high) • All-time high: $2,308.80 (March 2008) The strong Chinese demand and lagging EV transition may fuel a sustained bull run in platinum prices. Investment opportunities may exist if technical resistance levels are broken, potentially retesting highs from 2021 and 2022 even aiming toward the 2008 peak. Supply constraints and investment interest make platinum a strategic metal to watch in both industrial and financial markets.
CAPITALCOM:PLATINUM
by Blueberry
26
Platinum Wave Analysis – 4 June 2025 - Platinum reversed from support zone - Likely to rise to resistance level 1100.00 Platinum recently reversed up from the support zone between the support level 1050.00 (former multi-month high from October) and the 38.2% Fibonacci correction of the upward impulse from May. The upward reversal from this support zone continues the active impulse wave iii of intermediate impulse wave 3 from April. Platinum can be expected to rise to the next resistance level 1100.00, the breakout of which can lead to further gains toward 1140.00.
CAPITALCOM:PLATINUMLong
by FxProGlobal
Platinum Wave Analysis – 26 May 2025 - Platinum reversed from long-term resistance level 1095,00 - Likely to fall to support level 1075.00 Platinum recently reversed down from the major long-term resistance level 1095,00 (former yearly high from 2024), which stopped the previous weekly impulse wave A. The resistance level 1095,00 was strengthened by the upper daily and the weekly Bollinger Bands. Given the strength of the resistance level 1095,00 and the overbought weekly Stochastic, Platinum can be expected to fall to the next support level 1075.00.
CAPITALCOM:PLATINUMShort
by FxProGlobal