NEWS: Platinum price is falling -1.9%, retreating after hitting more than a decade high price
Possible Scenarios:
If Platinum fails to breach through S1 of 1422.36, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 1422.36, our Research Department expects the Platinum to extend its losses to its S2 of 1407.25
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1392.14 |
1407.25 |
1422.36 |
1442.50 |
1462.64 |
1477.75 |
1492.86 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85 |
(+/-) £73.79 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17642
***GBP/USD = 1.35515
Calculations for exchange rate used as of Thursday, July 24, 2025, 09:55 GMT+1