Platinum price is rising 2.1%
November 6, 2026
NEWS: Platinum price is rising 2.1% ahead of today's U.S. nonfarm payrolls report
Possible Scenarios:
If Platinum fails to breach through R1 of 1559.22, our Analysis Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1559.22, our Analysis Department expects Platinum to extend its gains to its R2 of 1577.99.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1471.64 |
1490.41 |
1509.18 |
1534.20 |
1559.22 |
1577.99 |
1596.76 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.42 |
(+/-) £74.65 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11836
***GBP/USD = 1.33960
Calculations for exchange rate used as of Friday, November 6, 2026, 08:54 GMT