NEWS: Platinum price decreased 1.4% on stronger USD to test the lowest level in two days.
Possible Scenarios:
If Platinum fails to breach through S1 of 974.96, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 974.96, our Research Department expects the Platinum to extend its losses to its S2 of 960.82
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
946.69 |
960.82 |
974.96 |
993.80 |
1012.64 |
1026.78 |
1040.91 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €91.93 |
(+/-) £81.38 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08733
***GBP/USD = 1.22871
Calculations for exchange rate used as of Thursday, March 23, 2023, 12:51