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June 1, 2026
NEWS: Platinum price is rising 1.2% as strong corporate earnings and a more positive global economic outlook support expectations of future industrial demand.
Possible Scenarios:
If Platinum fails to breach through R1 of 1968.48, our Analysis Department expects Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R1 of 1968.48, our Analysis Department expects Platinum to extend its gains to its R2 of 1982.34.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1903.80 |
1917.66 |
1931.52 |
1950.00 |
1968.48 |
1982.34 |
1996.20 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.86 |
(+/-) £74.26 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16475
***GBP/USD = 1.34669
Calculations for exchange rate used as of Monday, June 1, 2026, 13:04 GMT+1