NEWS: Platinum rose along with Gold on worse than expected Weekly Initial Jobless Claims in the US (719 vs. 680 exp.).
Possible Scenarios:
If Platinum fails to break above Resistance 2 of 1197.63, our Research Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above Resistance 2 of 1197.63, our Research Department expects Platinum to extend its gains to its Resistance 3 of 1206.00.
Support and Resistance Levels:
PLATINUM |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1150.20 |
1158.57 |
1166.94 |
1178.10 |
1189.26 |
1197.63 |
1206.00 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)85.06€ |
(+/-)72.47£ |
* 1 trading lot is equivalent of 100 units
** EUR/USD = 1.17560
*** GBP/USD = 1.37977
Calculations for exchange rate used as of 14:20 (GMT+1) 01/04/2021