NEWS: Platinum price is falling 2.4 % to its lowest level in two months as high U.S. Treasury yields continue to support the dollar ahead of the release of the Federal Reserve’s meeting minutes later today.  
 

Possible Scenarios:

If Platinum fails to breach through S1 of 1610.04, our Analysis Department expects Platinum to undergo a short- term upward correction.

If Platinum manages to break below its S1 of 1610.04, our Analysis Department expects Platinum to extend its losses to its S2 of 1596.57
 

Support and Resistance Levels:

 

Potential Profit or Potential Loss Calculations:

 

*1 trading lot is equivalent of 100 units
**EUR/USD =  1.11697    
***GBP/USD =  1.31961    
Calculations for exchange rate used as of Wednesday, October 7, 2026, 1:51: PM