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Monday, November 3, 2025

Platinum is likely to weaken toward its nearest support level today. Monday, November 03, 2025.

[Platinum] – [Monday, November 03, 2025]

With both of EMAs in a Death Cross configuration and the price movement below both EMAs, despite the RSI remaining in the Neutral-Bullish zone, then #PLF has the potential to weaken toward its nearest support today.

Key Levels:

1. Resistance. 2 : 1647.2

2. Resistance. 1 : 1609.3

3. Pivot : 1590.2

4. Support. 1 : 1552.3

5. Support. 2 : 1533.2

Tactical Scenario:

Pressure Zone: If the price breaks down and closes below 1590.2, there is potential for it to continue weakening to 1552.3.

Momentum Extension Bias: If 1552.3 is breached and closes below it, #PLF may test the 1533.2 level.

Invalidation Level/ Bias Revision:

The downside bias is restrained if the price of Platinum strengthens and closes above 1647.2.

Technical Summary:

EMA(50) : 1588.1

EMA(200): 1591.4

RSI(14) : 56.13

Economic News Release Agenda:

Tonight, the following economic data will be released from the United States:

US - Final Manufacturing PMI - 21:45 WIB

US - ISM Manufacturing PMI - 22:00 WIB

US - ISM Manufacturing Prices - 22:00 WIB

US - Construction Spending m/m- Tentative

US - Wards Total Vehicle Sales- All Day

Photo for the article Platinum is likely to weaken toward its nearest support level today. Monday, November 03, 2025.

The material has been provided by - RobotFX.Org

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