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September 23, 2026
NEWS: Platinum price is falling -1.9% as metals face pressure from a US Dollar strengthening off of the back of better than expected economic data.
Possible Scenarios:
If Platinum fails to breach through S1 of 1734.28, our Analysis Department expects Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S1 of 1734.28, our Analysis Department expects Platinum to extend its losses to its S2 of 1717.39
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1700.50 |
1717.39 |
1734.28 |
1756.80 |
1779.32 |
1796.21 |
1813.10 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €87.8 |
(+/-) £75.43 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.13894
***GBP/USD= 1.32576
Calculations for exchange rate used as of Wednesday, September 23, 2026, 15:34: GMT +1