NEWS: Platinum price is increasing 1.2% following better than expected China trade data
Possible Scenarios:
If Platinum fails to breach through R1 of 973.33, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 973.33, our Research Department expects the Platinum to extend its gains to its R2 of 983.86.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
924.22 |
934.74 |
945.27 |
959.30 |
973.33 |
983.86 |
994.38 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €88.06 |
(+/-) £75.86 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.13562
***GBP/USD = 1.31821
Calculations for exchange rate used as of Monday, April 14, 2025, 15:50 GMT+1