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June 2, 2026
NEWS: Platinum price is increasing 2.5% as investors remained cautiously optimistic that the US and Iran could still secure a peace agreement
Possible Scenarios:
If Platinum fails to breach through R1 of 1988.34, our Analysis Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1988.34, our Analysis Department expects Platinum to extend its gains to its R2 of 2003.15.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1919.24 |
1934.05 |
1948.86 |
1968.60 |
1988.34 |
2003.15 |
2017.96 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €85.86 |
(+/-) £74.22 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16467
***GBP/USD = 1.34738
Calculations for exchange rate used as of Tuesday, June 2, 2026, 8:14: AM