NEWS: Platinum price is increasing 3.7% as volatility increases ahead of PCE and GDP data later today.
Possible Scenarios:
if Platinum fails to breach through R2 of 2146.99, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 2146.99, our Research Department expects the Platinum to extend its gains to its R3 of 2171.88.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2005.92 |
2030.81 |
2055.71 |
2088.90 |
2122.09 |
2146.99 |
2171.88 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £74.21 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18345
***GBP/USD = 1.34751
Calculations for exchange rate used as of Friday, February 20, 2026, 9:35 GMT