NEWS: Platinum price is increasing 1.2% following the implementation of a China monetary stimulus
Possible Scenarios:
If Platinum fails to breach through R2 of 1018.41, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 1018.41, our Research Department expects the Platinum to extend its gains to its R3 of 1024.50.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
983.90 |
989.99 |
996.08 |
1004.20 |
1012.32 |
1018.41 |
1024.50 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €88.83 |
(+/-) £74.79 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12573
***GBP/USD = 1.33712
Calculations for exchange rate used as of Tuesday, May 20, 2025, 10:30 GMT+1