Technical analysis by function_mechanic about Symbol PAXG: Sell recommendation (9/11/2024)

Platinum is extremely underpriced compared to gold.Gold/Platinum ratio is at all time highs. Price action is currently in ascending channel and retesting the trend line that it held as support for 12 years before finally breaking it in 2020.A gravestone doji candle has printed on the weekly timeframe:The ratio can crash if gold goes up (platinum grows more than gold) as well as if it goes down (platinum drops less than gold). Which means that holding platinum right now is probably safer than holding gold and could potentially be more profitable.Like the idea? Press Boost!Have an opinion? Leave a comment!