PLATINUM Weekly Special Report based on 1 Lot Calculation:
TECHNICAL ANALYSIS:
- PSYCHOLOGICAL SUPPORT AT $1,300: Platinum prices have tested the $1,300 level, a psychologically significant support zone, and bounced back, confirming buyer interest near this key threshold. While this area has held for now, a decisive break below could trigger deeper losses and shift the market into a more pronounced bearish phase.
- PLATINUM PRICE RECOVERS AFTER MORE THAN ONE-MONTH LOW ($1,269.3): Following a sharp correction of nearly $200 from the recent peak of $1,509.4, platinum reached its lowest level in over a month at $1,269.3. However, the rebound back above $1,300 indicates stabilization.
- 100-DAY MOVING AVERAGE TREND: The 100-day moving average continues to slope upward, currently well below price action, reflecting a long-term bullish trend still intact. As long as prices remain above both the moving average and the $1,300 zone, the outlook remains positive. However, if prices fall below those critical values, a negative trend could develop.
GRAPH (Daily): May 2025 - August 2025
Please note that past performance does not guarantee future results
EVENTS:
- 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 the automotive and manufacturing sector. (PREVIOUS: +0.1%)
- TUESDAY, AUGUST 12 AT 13:30 GMT+1: US INFLATION (CPI) (JULY). A lower-than-expected reading could be positive for the platinum price, as it could show the Fed cutting interest rates sooner and more aggressively. This index measures the change in the prices of goods and services from the consumer's perspective. (PREVIOUS: +2.7%).
GEOPOLITICS: TENSIONS RISE BETWEEN THE USA AND RUSSIA
- EVENT (FRIDAY, AUGUST 8): US PRESIDENT DONALD TRUMP THREATENED 100% TARIFFS ON RUSSIAN GOODS AND 100% SECONDARY TARIFFS FOR COUNTRIES THAT BUY RUSSIAN OIL IF NO CEASEFIRE DEAL WITH UKRAINE IS REACHED BY FRIDAY, AUGUST 8. According to Reuters, Trump gave the Russian president a new deadline to make peace or face 100% tariffs on Russian goods, and more importantly, 100% sweeping secondary tariffs, implying that trade sanctions would be imposed on countries that continue importing Russian oil and other commodities.
- 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.
Platinum, August 8, 2025.
Current Price: 1,340
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,600 |
|
|
1,500 |
|
|
1,420 |
|
|
1,270 |
|
|
1,260 |
|
|
1,250 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
26,000 |
16,000 |
8,000 |
-7,000 |
-8,000 |
-9,000 |
|
Profit or loss in €² |
22,298 |
13,722 |
6,861 |
-6,003 |
-6,861 |
-7,719 |
|
Profit or loss in £² |
19,333 |
11,897 |
5,949 |
-5,205 |
-5,949 |
-6,692 |
|
Profit or loss in C$² |
35,690 |
21,963 |
10,982 |
-9,609 |
-10,982 |
-12,354 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 09:50 (GMT+1) 08/08/2025
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 techniques could protect the profit.