Palladium: ⬆️ Buy
– Palladium broke multi-month resistance level 1600.00
– Likely to rise to resistance level 1745.00
Palladium recently broke above the strong multi-month resistance level 1600.00, which reversed the price sharply in October – as can be seen from the daily Palladium chart below.
The breakout of the resistance level 1600.00 accelerated the active impulse waves 5 and (3) of the primary upward impulse sequence 3 from last year.
Given the clear daily uptrend, Palladium can be expected to rise further to the next resistance level 1745.00 (target price for the completion of the active impulse waves 5 and (3)).
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