NEWS: Platinum price is falling -1.9% following profit taking.
Possible Scenarios:
If Platinum fails to breach through S2 of 1035.16, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 1035.16, our Research Department expects the Platinum to extend its losses to its S3 of 1028.20
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1028.20 |
1035.16 |
1042.12 |
1051.40 |
1060.68 |
1067.64 |
1074.60 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €95.3 |
(+/-) £79.32 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.04934
***GBP/USD= 1.26078
Calculations for exchange rate used as of Friday, February 14, 2025, 13:50 GMT