PLATINUM Weekly Special Report based on 1 Lot Calculation:
TECHNICAL ANALYSIS:
- 14-DAY RELATIVE STRENGTH INDEX (RSI) INDICATES PLATINUM PRICE IS NEARLY OVERSOLD: According to the daily chart below, the 14-Day RSI is trading just above the oversold threshold of 30, suggesting the platinum price itself is getting oversold. Therefore, a price recovery could be next expected, although prices could go into the other direction as well.
- PSYCHOLOGICAL SUPPORT AT $1,300: Platinum prices have tested the mark of $1,300, a near term psychological support area. This technical indicator indicates that the current downside potential remains limited, although if prices break below $1,300, then a negative trend could be observed.
- PLATINUM PRICE HAS TESTED ITS LOWEST PRICE IN MORE THAN 1 MONTH ($1,278.8): After the most recent pullback of platinum prices, losing around 200 dollars from its recent top ($1,509.4) over the past 10 days, platinum prices have tested their lowest levels in more than 1 month ($1,278).
GRAPH (Daily): April 2025 - July 2025
Please note that past performance does not guarantee future results
EVENTS (USA):
- FRIDAY, AUGUST 1 AT 13:30 GMT+1: US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (JULY). US labor data remains in focus as the Fed weighs its next move. June NFP beat forecasts (147,000 vs. 111,000) and unemployment fell to 4.1% (vs. 4.3% expected). Weak July data could boost rate cut expectations, pressuring the US dollar.
- SATURDAY, AUGUST 9 AT 02:30 GMT+1: CHINA INFLATION (CPI) (JULY). A higher-than-expected reading could support platinum prices by indicating improving economic activity, especially in construction and manufacturing sector. (PREVIOUS: +0.1%)
GEOPOLITICS: TENSIONS RISE BETWEEN THE USA AND RUSSIA
- EVENT (EXPECTED BY AUGUST 10, 2025): US PRESIDENT TRUMP WILL SLAP NEW SANCTIONS AND SECONDARY TARIFFS ON RUSSIA COMMODITY EXPORTS IF NO CEASEFIRE DEAL REACHED WITHIN THE NEXT 10 DAYS (EXPECTED BY AUGUST 10, 2025). According to Reuters, U.S. President Donald Trump set a new deadline of 10 (down from the previous 50-day deadline set on July 14) for Russia to make progress toward ending the war in Ukraine or face consequences. Trump has threatened sanctions on both Russia and buyers of its oil unless progress is made. Trump reiterated that, without a deal, his administration would impose 100% secondary tariffs on countries continuing to purchase Russian commodities including platinum.
- RUSSIA IS THE 2nd LARGEST PLATINUM PRODUCER IN THE WORLD AND THE SECOND LARGEST PLATINUM EXPORTER IN THE WORLD. Russia is the 2nd largest platinum exporter (13%) and producer in the world (up to 10%) after South Africa.
GEOPOLITICS: TRADE PROGRESS
- US TARIFF DEADLINE EXTENDED TO AUGUST 1 FROM THE PREVIOUS JULY 9. The US is still expected to announce more deals after clinching deals with the UK, Vietnam, Indonesia, Japan, South Korea and the E.U. Next on the list could be India, Canada, Mexico, where announcements are expected to be made by August 1 or beyond.
- BREAKING (JULY 30): U.S. AND SOUTH KOREA ANNOUNCED A TRADE AGREEMENT.
- BREAKING (JULY 27): U.S. AND E.U. ANNOUNCED A TRADE AGREEMENT.
- BREAKING (JULY 23): US PRESIDENT DONALD TRUMP ANNOUNCED A TRADE DEAL WITH JAPAN.
PLATINUM, July 31, 2025.
Current Price: 1300
PLATINUM |
Weekly |
Trend direction |
|
1500 |
|
1430 |
|
1370 |
|
1250 |
|
1230 |
|
1200 |
Example of calculation based on weekly trend direction for 1.00 Lot1
PLATINUM |
||||||
Pivot Points |
||||||
Profit or loss in $ |
20,000 |
13,000 |
7,000 |
-5,000 |
-7,000 |
-10,000 |
Profit or loss in €² |
17,506 |
11,379 |
6,127 |
-4,376 |
-6,127 |
-8,753 |
Profit or loss in £² |
15,138 |
9,840 |
5,298 |
-3,785 |
-5,298 |
-7,569 |
Profit or loss in C$² |
27,702 |
18,006 |
9,696 |
-6,926 |
-9,696 |
-13,851 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 11:30 (GMT+1) 31/07/2025
There is a possibility to use Stop-Loss and Take-Profit
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop technique could protect the profit