NEWS: Platinum price is rising 2.9%, hitting its highest rate in almost two months, supported by recent Federal Reserve interest rate cuts.
Possible Scenarios:
If Platinum fails to breach through R2 of 1773.29, our Research Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 1773.29, our Research Department expects Platinum to extend its gains to its R3 of 1788.84.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1685.16 |
1700.71 |
1716.26 |
1737.00 |
1757.74 |
1773.29 |
1788.84 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.27 |
(+/-) £74.76 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17276
***GBP/USD = 1.33754
Calculations for exchange rate used as of Friday, December 12, 2025, 11:56 GMT