NEWS: Platinum’s price is falling -10.1% as platinum retreats from near all time highs and as the overall metals market experience a retreat
Possible Scenarios:
If Platinum fails to breach through S1 of 2379.74, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 2379.74, our Research Department expects the Platinum to extend its losses to its S2 of 2301.77
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2223.80 |
2301.77 |
2379.74 |
2483.70 |
2587.66 |
2665.63 |
2743.60 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
EUR** |
GBP*** |
|
|
(+/-) $100 |
(+/-) €83.91 |
(+/-) £72.74 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.19170
***GBP/USD = 1.37474
Calculations for exchange rate used as of Friday, January 29, 2026, 15:05 GMT