NEWS: Platinum price is increasing 2.3% after FED's decision to cut interest rates by 25 basis points.
Possible Scenarios:
if Platinum fails to breach through R2 of 1396.12, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 1396.12, our Research Department expects the Platinum to extend its gains to its R3 of 1406.72.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1336.08 |
1346.68 |
1357.27 |
1371.40 |
1385.53 |
1396.12 |
1406.72 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.49 |
(+/-) £73.34 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18355
***GBP/USD = 1.36352
Calculations for exchange rate used as of Thursday, September 18, 2025, 8:57 GMT+1