Palladium Wave Analysis – 08 January, 2020

• Palladium broke resistance area
• Likely to rise to 2150.00

Palladium recently broke the resistance area lying between the round resistance level 2000.00 and the resistance trendlines of the two daily up channels from November and August.

The breakout of this resistance area should accelerate the active impulse waves 3 and (C).

Palladium is likely to rise further toward the next resistance level 2150.00 (forecast price fort the completion of the active impulse wave (C)).