NEWS: Platinum price is falling -3.1% ahead of the US Fed interest rate decision later today.
Possible Scenarios:
If Platinum fails to breach through S1 of 2553.41, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 2553.41, our Research Department expects the Platinum to extend its losses to its S2 of 2477.96
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2402.52 |
2477.96 |
2553.41 |
2654.00 |
2754.59 |
2830.04 |
2905.48 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €83.41 |
(+/-) £72.53 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.19893
***GBP/USD = 1.37876
Calculations for exchange rate used as of Wednesday, January 28, 2026, 10:00 GMT