Platinum price is falling -1.2%
October 22, 2026
NEWS: Platinum price is falling -1.2% as industrial metals continue to face mixed momentum and slight pressure.
Possible Scenarios:
If Platinum fails to breach through S1 of 1573.94, our Analysis Department expects Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 1573.94, our Analysis Department expects Platinum to extend its losses to its S2 of 1563.39
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1552.84 |
1563.39 |
1573.94 |
1588.00 |
1602.06 |
1612.61 |
1623.16 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.29 |
(+/-) £74.8 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11992
***GBP/USD = 1.33688
Calculations for exchange rate used as of Thursday, October 22, 2026, 12:41: GMT +1