Palladium Wave Analysis – 03 January, 2020

• Palladium rising inside impulse wave (iii)
• Likely to rise to 1975,00

Palladium has been rising in the last few trading session inside the sharp impulse wave (iii), which started recently from the strong round support level 1800,00 (former resistance from October), intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (i).

The active impulse wave (iii) belongs to the extended multi-month upward impulse sequence (C) from August.

Palladium is likely to rise further toward the next resistance level 1975,00 (top of the previous impulse wave (i)).