Palladium Wave Analysis – 25 March, 2019
March 25, 2020 @ 17:49 UTC
- Palladium approached resistance level 2000.00
- Likely to rise to 2200.00
Palladium has been rising sharply in the last few trading sessions the daily upward impulse sequence ③ – which started earlier from the key support level 1400.00, standing close to the lower daily Bollinger Band.
The price is currently trading close to the round resistance level 2000.00.
If palladium breaks above the resistance level 2000.00 – the price can then rise toward the next resistance level 2200.00 (former strong support from January and February).