NEWS: Platinum price increased 2.6% after better-than-expected manufacturing data from Japan and Germany were published.
Possible Scenarios:
if Platinum fails to breach through R2 of 1300.42, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 1300.42, our Research Department expects the Platinum to extend its gains to its R3 of 1319.24.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1193.76 |
1212.58 |
1231.40 |
1256.50 |
1281.60 |
1300.42 |
1319.24 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €86.97 |
(+/-) £74.42 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.14976
***GBP/USD = 1.34365
Calculations for exchange rate used as of Monday, June 23, 2025, 09:10 GMT+1