Perhaps Platinum

Seasons, Patterns & Cycles • Jan 22, 2024 at 6:15 AM EST

Platinum is sitting at a very key support level, just as the seasonal pattern looks promising.

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Photo by Scottsdale Mint on Unsplash

Platinum is sitting at a very key support level, just as the seasonal pattern looks promising.

The two strongest months of the year for Platinum are in January and February. From January 30th through to February 18 there is an average return of 2.55% for Platinum and a 75% winning trade percentage. Does this mean Platinum is in a great technical place for buying? Could we see further gains now?

The major trade risk here is if the US dollar keeps gaining. This weighs on all commodities, including Platinum. and could send the commodity lower despite its strong seasonal pattern.

Video Length: 00:01:35

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