NEWS: Platinum price increased 1.4% . The recent surge was driven by safe-haven demand alongside gold and silver, supported by falling interest rates, widening fiscal deficits in major economies, and stubbornly high inflation eroding currency values.
Possible Scenarios:
if Platinum fails to breach through R1 of 1614.88, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1614.88, our Research Department expects the Platinum to extend its gains to its R2 of 1633.39.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1528.50 |
1547.01 |
1565.52 |
1590.20 |
1614.88 |
1633.39 |
1651.90 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.25 |
(+/-) £74.3 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17307
***GBP/USD = 1.34587
Calculations for exchange rate used as of Friday, October 3, 2025, 10:59 AM GMT+1