NEWS: Platinum price is falling -1.4% as earlier Israel's attack on Iran.
Possible Scenarios:
If Platinum fails to breach through S1 of 931.44, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 931.44, our Research Department expects the Platinum to extend its losses to its S2 of 924.12.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
916.80 |
924.12 |
931.44 |
941.20 |
950.96 |
958.28 |
965.60 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €93.91 |
(+/-) £80.4 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.06489
***GBP/USD = 1.24371
Calculations for exchange rate used as of Friday, April 19, 2024, 12:00: AM