NEWS: Platinum price is rising 2.6% as precious metals kept rising on Trump’s $2000 stimulus checks that should come soon in the form of tariff dividends for most Americans.
Possible Scenarios:
If Platinum fails to breach through R1 of 1639.55, our Research Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1639.55, our Research Department expects Platinum to extend its gains to its R2 of 1654.22.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1571.12 |
1585.78 |
1600.45 |
1620.00 |
1639.55 |
1654.22 |
1668.88 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €86.36 |
(+/-) £76.27 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15798
***GBP/USD = 1.31115
Calculations for exchange rate used as of Wednesday, November 12, 2025, 15:30 GMT