NEWS: Platinum price is falling -5.3% as the US dollar strengthens, reclaiming its traditional safe-haven role amid escalating Middle East tensions
Possible Scenarios:
If Platinum fails to breach through S2 of 2007.42, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 2007.42, our Research Department expects the Platinum to extend its losses to its S3 of 1961.32
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1961.32 |
2007.42 |
2053.53 |
2115.00 |
2176.47 |
2222.58 |
2268.68 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £75.27 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18345
***GBP/USD = 1.33071
Calculations for exchange rate used as of Tuesday, March 3, 2026, 15:00 GMT