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April 2, 2026
NEWS: Platinum price is rising 3.1% as precious metals experience elevated levels of volatility due to the ongoing conflict in the Middle East.
Possible Scenarios:
If Platinum fails to breach through R2 of 1982.9, our Analysis Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 1982.9, our Analysis Department expects Platinum to extend its gains to its R3 of 2012.6.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1814.60 |
1844.30 |
1874.00 |
1913.60 |
1953.20 |
1982.90 |
2012.60 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.72 |
(+/-) £75.68 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.15309
***GBP/USD = 1.32128
Calculations for exchange rate used as of Thursday, April 2, 2026, 15:20: GMT+1