NEWS: Platinum price is falling 1.5% as the US Dollar strengthens ahead of the Fed Meeting tomorrow.
Possible Scenarios:
If Platinum fails to breach through S1 of 900.57, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 900.57, our Research Department expects the Platinum to extend its losses to its S2 of 893.57.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
886.58 |
893.57 |
900.57 |
909.90 |
919.23 |
926.23 |
933.22 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.21 |
(+/-) £78.87 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08449
***GBP/USD = 1.26795
Calculations for exchange rate used as of Tuesday, March 19, 2024, 09:33 GMT