April platinum is still trading in breakout territory above its support despite the prevailing weakness in gold and silver. Platinum has to cross the next resistance hurdle at $1851 to keep the bullish momentum alive. A retest of support at $1785 wouldn’t be surprising either.

Platinum and palladium are trading higher off of dollar weakness and their own demand fundamentals. Gold and silver should drag the noble metals down with them. I’m leaning toward lower platinum prices based on gold weakness but the market is still technically and fundamentally strong.

Platinum is heading for $1950 based on a $177 dollar triangle chart pattern. The breakout point was $1787, making the target $1964.

Apr platinum $1,822.30, up $3.70; Range $1,805.30-$1,832.80

Mar palladium $816.75, up 90 cents; Range $803.00-$824.00

Feb gold $1,341.00, down $5.50; Range $1,337.00-$1,349.70

Mar silver $27.427, down 4.6 cents; Range $27.080-$27.630