Platinum weekly special report based on 1.00 Lot Calculation:
TECHNICAL ANALYSIS:
- STRONG UPTREND SINCE LATE MARCH 2025: As shown in the weekly chart below, the platinum price has had a strong rise in the last two months, confirming its mid-term trend is up ( Red line support line).
- DAILY MOVING AVERAGES SIGNAL UPTREND: Platinum prices have moved above both the 50-week and 100-week moving averages, indicating a continued uptrend. However, this trend could reverse if prices drop below these key moving averages.
- RESISTANCE AND SUPPORT LEVELS: Platinum has remained in a mid-term uptrend, looking at Resistance 1 of $1450 (Resistance 2 of $1500, and Resistance 3 of $1550 to the upside. On the downside, Platinum looks at Support 1 of $1250, then towards Support 2 of $1200, and Support 3 of $1150.
- PLATINUM HIT AN ALL-TIME HIGH OF $2,300 (March 2008). Platinum currently trades around $1,292, and if a full recovery takes place, then platinum prices could see an upside of 77%. However, Platinum prices could decline, too.
GRAPH (Daily ): November 2024 – June 2025
Please note that past performance does not guarantee future results
FUNDAMENTAL ANALYSIS:
- U.S. AND CHINA REACHED A NEW TRADE AGREEMENT. The deal eased mutual tariffs and restored rare-earth exports, signaling a thaw in economic tensions. The deal sparked optimism around China’s industrial recovery, boosting demand expectations for metals like platinum. As a result, platinum prices surged nearly 8% in a week, supported by stronger sentiment, a weaker dollar, and renewed Chinese appetite for industrial inputs.
- PLATINUM IMPORTS IN CHINA IN APRIL HIT 11.5 METRIC TONS — THE HIGHEST MONTHLY VOLUME IN A YEAR. Chinese jewelers are increasing platinum imports as high gold prices dampen gold jewelry sales. Even a 1% shift from gold to platinum jewelry could double the supply deficit to 1.6M oz (Source: BofA).
- THE WORLD PLATINUM INVESTMENT COUNCIL (WPIC) PROJECTS A SUPPLY DEFICIT OF NEARLY 1 MILLION OUNCES IN 2025 driven by strong demand and constrained output.
EVENTS (USA):
- THURSDAY, JUNE 26 AT 13:30 GMT +1: U.S. GDP (Q1). Weaker-than-expected U.S. GDP growth can weigh on the dollar by fueling expectations of a more dovish Federal Reserve, which in turn supports platinum prices. Conversely, strong GDP data may boost the dollar as markets anticipate tighter monetary policy, pressuring platinum
- FRIDAY, JUNE 27 AT 13:30 GMT+1: CORE PCE PRICE INDEX (MAY): Weaker-than-expected core PCE data—considered the Fed’s key inflation indicator—tends to weaken the U.S. dollar by reducing the likelihood of further rate hikes. A softer dollar supports platinum prices. On the other hand, stronger core PCE readings can lift the dollar and weigh on platinum.
Platinum, June 24, 2025
Current Price: 1,300.0
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,600.0 |
|
|
1,500.0 |
|
|
1,400.0 |
|
|
1,250.0 |
|
|
1,200.0 |
|
|
1,150.0 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
30,000 |
20,000 |
10,000 |
-5,000 |
-10,000 |
-15,000 |
|
Profit or loss in €² |
25,866 |
17,244 |
8,622 |
-4,311 |
-8,622 |
-12,933 |
|
Profit or loss in £² |
22,064 |
14,709 |
7,355 |
-3,677 |
-7,355 |
-11,032 |
|
Profit or loss in C$² |
41,153 |
27,435 |
13,718 |
-6,859 |
-13,718 |
-20,576 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 09:30 (GMT+1) 24/06/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop techniques could protect the profit.