NEWS: Platinum price is falling -1.4% as profit-taking, rising US Treasury yields, and weaker-than-expected factory data from the US and China weighed on prices
Possible Scenarios:
If Platinum fails to breach through S1 of 1639.71, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 1639.71, our Research Department expects the Platinum to extend its losses to its S2 of 1626.15
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1612.58 |
1626.15 |
1639.71 |
1657.80 |
1675.89 |
1689.45 |
1703.02 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.64 |
(+/-) £74.95 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16773
***GBP/USD = 1.33429
Calculations for exchange rate used as of Thursday, December 4, 2025, 9:25 GMT+1