NEWS: Platinum price increased 2.3% after optimism over US-China trade talks.
Possible Scenarios:
If Platinum fails to breach through R1 of 1394.56, our Research Department expects the Platinum to undergo a short-term downward correction.
If Platinum manages to break above its R1 of 1394.56, our Research Department expects the Platinum to extend its gains to its R2 of 1415.01.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1299.14 |
1319.59 |
1340.04 |
1367.30 |
1394.56 |
1415.01 |
1435.46 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.96 |
(+/-) £73.02 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17699
***GBP/USD = 1.36949
Calculations for exchange rate used as of Wednesday, July 2, 2025, 11:40 AM GMT+1