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Platinum rallies above $2,090 as technical momentum strengthens
On Monday, XPT prices firmly moved above short- and medium-term moving averages (MA 20 and MA 50), signaling a recovery of the upward trend and growing buying interest. The MACD indicator has turned positive and is flashing a bullish signal as its histogram expands, confirming accelerating upside momentum. Meanwhile, RSI has climbed into the 50–55 range, remaining below overbought levels and suggesting ample room for further gains without signs of market overheating. Price gains are being supported by industry assessments that continue to view platinum as structurally undersupplied and undervalued relative to gold, ... (full story)
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