NEWS: Platinum’s price is increasing 4.7% following a speech by the US President Donald Trum at the Davos summit
Possible Scenarios:
If Platinum fails to breach through R2 of 2553.02, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 2553.02, our Research Department expects the Platinum to extend its gains to its R3 of 2594.60.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
2317.40 |
2358.98 |
2400.56 |
2456.00 |
2511.44 |
2553.02 |
2594.60 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
EUR** |
GBP*** |
|
|
(+/-) $100 |
(+/-) €85.29 |
(+/-) £74.34 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17244
***GBP/USD = 1.34524
Calculations for exchange rate used as of Wednesday, January 21, 2026, 15:05 GMT