⬤ Platinum broke above a symmetrical triangle formation and pushed toward the $2,820–$2,830 zone, marking a decisive continuation of its recent rally. The breakout triggered strong follow-through, with buyers remaining in full control and driving price action higher without significant resistance.
⬤ The chart shows a clean sequence of higher highs and closes since the breakout—a textbook sign that the trend is alive and well. Traders who entered near the breakout level are now sitting on gains of over 15%, while price continues working toward the pattern's measured target. What makes this move particularly notable is the lack of any meaningful pullback, signaling real conviction behind the advance rather than a head-fake breakout.
This price behavior matters for the broader market because it highlights sustained strength within the platinum market and, more broadly, the precious metals complex.
⬤ The technical picture backs up the bullish case. Platinum is trading comfortably above its 50-day and 200-day moving averages, both of which are sloping upward and supporting the current direction. Recent candles are closing near session highs with only shallow intraday dips, showing that sellers aren't stepping in yet. As long as platinum keeps printing higher highs without a confirmed reversal, this move could serve as an important barometer for momentum across the metals space.
