NEWS: Platinum price is increasing 4.5%, reaching a new all time high today, driven by strong demand and a tight physical supply in the market.
Possible Scenarios:
if Platinum fails to breach through R1 of 2936.62, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 2936.62, our Research Department expects the Platinum to extend its gains to its R2 of 2987.33.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2699.96 |
2750.67 |
2801.38 |
2869.00 |
2936.62 |
2987.33 |
3038.04 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.34 |
(+/-) £73.18 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18575
***GBP/USD = 1.36646
Calculations for exchange rate used as of Monday, January 26, 2026, 8:43 GMT