NEWS: Platinum price is rising 1.8% as demand for industrial metals remains high after stronger than expected Chinese economic data.
Possible Scenarios:
If Platinum fails to breach through R1 of 2473.18, our Research Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 2473.18, our Research Department expects Platinum to extend its gains to its R2 of 2513.06.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2287.06 |
2326.94 |
2366.82 |
2420.00 |
2473.18 |
2513.06 |
2552.94 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.17 |
(+/-) £74.33 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17409
***GBP/USD = 1.34535
Calculations for exchange rate used as of Tuesday, January 20, 2026, 13:45 GMT