CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Platinum price is increasing 1.3%

Fast Moving Market - 16/04/2025

16 April, 2025

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Platinum price is increasing 1.3% following better than expected Chinese GDP Q1 data.

Possible Scenarios:

If Platinum fails to breach through R1 of 1004.05, our Research Department expects the Platinum to undergo a short- term downward correction.

If Platinum manages to break above its R1 of 1004.05, our Research Department expects the Platinum to extend its gains to its R2 of 1027.72.

Support and Resistance Levels:

Platinum

S3

S2

S1

Reference Price

R1

R2

R3

893.62

917.28

940.95

972.50

1004.05

1027.72

1051.38

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €88.02

(+/-) £75.35

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.13605
***GBP/USD = 1.32718
Calculations for exchange rate used as of Wednesday, April 16, 2025, 13:00 GMT+1

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