NEWS: Platinum price is falling -1.6% following a newly proposed minerals deal for Ukraine by the US administration
Possible Scenarios:
If Platinum fails to breach through S2 of 988.25, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 988.25, our Research Department expects the Platinum to extend its losses to its S3 of 981.80.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
981.80 |
988.25 |
994.70 |
1003.30 |
1011.90 |
1018.35 |
1024.80 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.38 |
(+/-) £77.16 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08250
***GBP/USD = 1.29601
Calculations for exchange rate used as of Friday, March 28, 2025, 14:20 GMT