Platinum price is falling -1.5%
October 23, 2026
NEWS: Platinum price is falling -1.5% as industrial metals continue facing heavy volatility, and pressure from a firmer US Dollar.
Possible Scenarios:
If Platinum fails to breach through S2 of 1530.89, our Analysis Department expects Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 1530.89, our Analysis Department expects Platinum to extend its losses to its S3 of 1518.88
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1518.88 |
1530.89 |
1542.89 |
1558.90 |
1574.91 |
1586.91 |
1598.92 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.24 |
(+/-) £74.72 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12054
***GBP/USD = 1.33832
Calculations for exchange rate used as of Friday, October 23, 2026, 15:50: GMT +1