Palladium recently broke through the support zone lying between the round support level 1700.00 (low of the wave (b) from October), support trendline of the daily up channel from August and the 50% Fibonacci correction of the previous upward impulse (iii).
The breakout of this support zone accelerated the active impulse wave (c) from the start of November.
Palladium is expected to fall further and retest the next round level 1650.00 (target for the completion of the active ABC correction (ii)).
The cryptocurrency market is consolidating near a $2.5 trillion capitalisation level, with Bitcoin stabilising near…
- EURAUD under bearish pressure - Likely to fall to support level 1.6125 EURAUD currency…
- GBPUSD reversed from support level 1.2840 - Likely to rise to resistance level 1.3050…
Bitcoin has reached all-time highs, hitting over $76K, with a projected rise to $100K in…
The dollar index rallied on the US presidential election results, picking its way up after…
Gold lost over 3% on Wednesday and now evaluating an important support line at the…
This website uses cookies