NEWS: Platinum is down 4.1% as the metal retreats from recent monthly highs and the broader metals market pulls back.
Possible Scenarios:
If Platinum fails to breach through S1 of 2318.42, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 2318.42, our Research Department expects the Platinum to extend its losses to its S2 of 2240.06
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2161.70 |
2240.06 |
2318.42 |
2422.90 |
2527.38 |
2605.74 |
2684.10 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €83.82 |
(+/-) £72.64 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.19304
***GBP/USD = 1.37672
Calculations for exchange rate used as of Thursday, January 30, 2026,08:40 (GMT)