Platinum price is rising 3.1%
October 27, 2026
NEWS: Platinum price is rising 3.1%, rebounding from an 11-month low below the $1,500 level.
Possible Scenarios:
If Platinum fails to breach through R1 of 1547.13, our Analysis Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1547.13, our Analysis Department expects Platinum to extend its gains to its R2 of 1559.97.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1487.18 |
1500.03 |
1512.87 |
1530.00 |
1547.13 |
1559.97 |
1572.82 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.71 |
(+/-) £75.03 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11474
***GBP/USD = 1.33284
Calculations for exchange rate used as of Tuesday, October 27, 2026, 2:39 GMT