Platinum Technicals: $1,650-$1,700 Zone Sets the Next Hedge Window

Platinum's chart is testing a key decision zone. Prices have moved into the $1,650-$1,700/oz area after the monthly selloff.

The technical picture is tied to fundamentals. A deficit of about 297,000 ounces should limit downside, but higher real rates can still push prices lower in the short term.

The $1,700/oz area is the first line to reclaim. Holding above it would show that buyers are still defending the market despite macro pressure.

For procurement, the zone matters because it gives a clear rule. Add hedges in tranches while price holds, but reassess if the market breaks below the band with rising inventories or weaker auto data.