Platinum price is rising 2%
October 1, 2026
NEWS: Platinum price is rising 2% to its highest level in three days ahead of tomorrow’s U.S. Nonfarm Payrolls and unemployment reports
Possible Scenarios:
If Platinum fails to breach through R2 of 1739.18, our Analysis Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 1739.18, our Analysis Department expects Platinum to extend its gains to its R3 of 1751.68.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1668.32 |
1680.82 |
1693.33 |
1710.00 |
1726.67 |
1739.18 |
1751.68 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €88.56 |
(+/-) £75.57 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12918
***GBP/USD = 1.32334
Calculations for exchange rate used as of Thursday, October 1, 2026, 1:49: PM