NEWS: Platinum price is increasing 2.6% after higher than expected ADP jobs report for October
Possible Scenarios:
If Platinum fails to breach through R1 of 1579.94, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1579.94, our Research Department expects the Platinum to extend its gains to its R2 of 1596.39.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1503.16 |
1519.61 |
1536.06 |
1558.00 |
1579.94 |
1596.39 |
1612.84 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.13 |
(+/-) £76.7 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.14795
***GBP/USD = 1.30444
Calculations for exchange rate used as of Wednesday, November 5, 2025, 16:00 GMT