NEWS: Platinum price is increasing 3.7% as fears over potential market deficits rise
Possible Scenarios:
If Platinum fails to breach through Reference Price of 1509.50, our Research Department expects Platinum to undergo a short-term downward correction.
If Platinum manages to break above its Reference Price of 1509.50, our Research Department expects Platinum to extend its gains to its R1 of 1529.28.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1460.06 |
1474.89 |
1489.72 |
1509.50 |
1529.28 |
1544.11 |
1558.94 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.73 |
(+/-) £74.22 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16644
***GBP/USD = 1.34733
Calculations for exchange rate used as of Monday, July 21, 2025, 15:00 GMT+1