Palladium Wave Analysis 1 October, 2020

• Palladium rising inside impulse wave 3

• Likely to reach to 2410.00

Palladium continues to rise inside the short-term impulse wave 3, which started earlier from the support level 2200.00, intersecting with the lower daily Bollinger Band.

The active impulse wave 3 belongs to the medium-term upward impulse sequence (5) from the end of July.

Palladium is likely to rise further toward the next resistance level 2410.00 (top of the previous waves (b) , 1, (iii) and (1) from July).