NEWS: Platinum price is increasing 3.1% ahead of Putin – Zelensky meeting deadline and Nonfarm Payrolls data this Friday
Possible Scenarios:
If Platinum fails to breach through Reference Price of 1406.50, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its Reference Price of 1406.50, our Research Department expects the Platinum to extend its gains to its R1 of 1418.47.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1376.58 |
1385.56 |
1394.53 |
1406.50 |
1418.47 |
1427.44 |
1436.42 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.29 |
(+/-) £73.92 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17242
***GBP/USD = 1.35286
Calculations for exchange rate used as of Monday, September 1, 09:00 GMT+1