NEWS: Platinum price is rising 2.6% as the US dollar eases, providing support to precious metals.
Possible Scenarios:
If Platinum fails to breach through R1 of 2122.38, our Analysis Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 2122.38, our Analysis Department expects Platinum to extend its gains to its R2 of 2157.91.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1956.56 |
1992.09 |
2027.62 |
2075.00 |
2122.38 |
2157.91 |
2193.44 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €87.13 |
(+/-) £75.28 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.14768
***GBP/USD = 1.32835
Calculations for exchange rate used as of Monday, March 16, 2026, 12:51: PM