NEWS: Platinum price is falling -3.8% as volatility remained high, with investors closely watching developments in US–Russia and US–China relations.
Possible Scenarios:
If Platinum fails to breach through S2 of 1575.06, our Research Department expects Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 1575.06, our Research Department expects Platinum to extend its losses to its S3 of 1548.60.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1548.60 |
1575.06 |
1601.52 |
1636.80 |
1672.08 |
1698.54 |
1725.00 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.98 |
(+/-) £74.67 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16308
***GBP/USD = 1.33921
Calculations for exchange rate used as of Tuesday, October 21, 2025, 08:55 GMT+1