NEWS: Platinum price is falling 1.3% as industrial metal remained under pressure after US Trump’s new tariffs stoke fears over potential global economic recession.
Possible Scenarios:
If Platinum fails to breach through S2 of 934.13, our Research Department expects Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 934.13, our Research Department expects Platinum to extend its losses to its S3 of 925.92.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
925.92 |
934.13 |
942.35 |
953.30 |
964.25 |
972.47 |
980.68 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €90.75 |
(+/-) £76.76 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.10195
***GBP/USD = 1.30271
Calculations for exchange rate used as of Friday, April 4, 2025, 08:53 GMT+1