NEWS: Platinum price is increasing 1.8% as overall trade optimism and recent positive inflation data from China support platinum prices
Possible Scenarios:
If Platinum fails to breach through R1 of 1444.26, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1444.26, our Research Department expects the Platinum to extend its gains to its R2 of 1464.71.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1348.84 |
1369.29 |
1389.74 |
1417.00 |
1444.26 |
1464.71 |
1485.16 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.58 |
(+/-) £73.89 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16857
***GBP/USD = 1.35332
Calculations for exchange rate used as of Friday, July 11, 2025, 09:50 GMT+1