NEWS: Platinum price is falling -1.8% following an announcement of new sanctions on Russia by the US administration
Possible Scenarios:
If Platinum fails to breach through S1 of 983.70, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 983.70, our Research Department expects the Platinum to extend its losses to its S2 of 972.31.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
960.91 |
972.31 |
983.70 |
998.90 |
1014.10 |
1025.49 |
1036.89 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.37 |
(+/-) £77.29 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08266
***GBP/USD = 1.29390
Calculations for exchange rate used as of Wednesday, April 2, 2025, 15:10 GMT+1