NEWS: Platinum price is falling 5.6% as volatility rises ahead of Trump-Zelensky meeting today at 18:00 GMT+1.
Possible Scenarios:
If Platinum fails to breach through S2 of 1644.53, our Research Department expects Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 1644.53, our Research Department expects Platinum to extend its losses to its S3 of 1627.62.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1627.62 |
1644.53 |
1661.45 |
1684.00 |
1706.55 |
1723.47 |
1740.38 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.67 |
(+/-) £74.57 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16733
***GBP/USD = 1.34097
Calculations for exchange rate used as of Friday, October 17, 2025, 13:54 GMT+1