Platinum Tags Resistance Trendline After 50% Surge, Look For A Pullback

The commodity platinum has rallied over 50% from its lows in April 2025. However, after this mega run, a pullback may be starting.

This is confirmed by a trendline on platinum connecting the high from August 2016 and October 2021. Platinum just slammed into this trendline again.

Based on technical analysis, investors should respect this trendline until proven otherwise. In other words, each of the last two times platinum has hit this line, it has pulled back sharply. Therefore, investors should assume it will again.

A retrace to $1,130 would be very interesting as a buying opportunity.