NEWS: Platinum fell on Friday on profit- taking led by a stronger US dollar.
Possible Scenarios:
If Platinum fails to break below Support 2 of 1202.84, our Research Department expects Platinum to undergo a short-term upward correction.
If Platinum manages to break below Support 2 of 1202.84, our Research Department expects Platinum to extend its losses to its Support 3 of 1197.19.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1197.19 |
1202.84 |
1208.48 |
1216.00 |
1223.52 |
1229.16 |
1234.81 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)84.23€ |
(+/-)72.97£ |
* 1 trading lot is equivalent of 100 units
** EUR/USD = 1.18720
*** GBP/USD = 1.37040
Calculations for exchange rate used as of 13:40 (GMT+1) 09/04/2021