NEWS: Platinum price is increasing 5.6% after US GDP data came in stronger than expected.
Possible Scenarios:
if Platinum fails to breach through R2 of 2265.24, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 2265.24, our Research Department expects the Platinum to extend its gains to its R3 of 2294.48.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2099.52 |
2128.76 |
2158.01 |
2197.00 |
2235.99 |
2265.24 |
2294.48 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.82 |
(+/-) £74.02 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17901
***GBP/USD = 1.35108
Calculations for exchange rate used as of Tuesday, December 23, 2025, 13:34 GMT