NEWS: Platinum price is increasing 1.7% following strong demand from car manufacturers
Possible Scenarios:
If Platinum fails to breach through R1 of 1412.26, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1412.26, our Research Department expects the Platinum to extend its gains to its R2 of 1432.71.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1316.84 |
1337.29 |
1357.74 |
1385.00 |
1412.26 |
1432.71 |
1453.16 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.27 |
(+/-) £73.49 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17281
***GBP/USD = 1.36066
Calculations for exchange rate used as of Thursday, July 10, 2025, 10:05 GMT+1