NEWS: Platinum price is increasing 1.5% after low inflation data from the USA.
Possible Scenarios:
If Platinum fails to breach through R1 of 949.68, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 949.68, our Research Department expects the Platinum to extend its gains to its R2 of 961.44.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
894.80 |
906.56 |
918.32 |
934.00 |
949.68 |
961.44 |
973.20 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88.02 |
(+/-) £76.5 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.13614
***GBP/USD= 1.30721
Calculations for exchange rate used as of Friday, April 11, 2025, 8:40 GMT+1