Platinum price is falling -2.7%
November 3, 2026
NEWS: Platinum price is falling -2.7% to its lowest levels in more than 13 months as rising oil prices fuel inflation concerns and continue to weigh on precious metals.
Possible Scenarios:
If Platinum fails to breach through S1 of 1392.73, our Analysis Department expects Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 1392.73, our Analysis Department expects Platinum to extend its losses to its S2 of 1376.77
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1360.82 |
1376.77 |
1392.73 |
1414.00 |
1435.27 |
1451.23 |
1467.18 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.35 |
(+/-) £74.54 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11922
***GBP/USD = 1.34149
Calculations for exchange rate used as of Tuesday, November 3, 2026, 08:57 GMT