NEWS: Platinum price is falling -1.1% as the US dollar picked up strength on Wednesday ahead of US market opening.
Possible Scenarios:
If Platinum fails to breach through S1 of 982.45, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 982.45, our Research Department expects the Platinum to extend its losses to its S2 of 975.82.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
969.18 |
975.82 |
982.45 |
991.30 |
1000.15 |
1006.78 |
1013.42 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.15 |
(+/-) £75.1 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12171
***GBP/USD = 1.33161
Calculations for exchange rate used as of Wednesday, May 14, 2025, 14:15 GMT