Palladium recently reversed up from the support area located between the support level 1390.00 (former resistance May), lower daily Bollinger Band, support trendline from November and the 61.8% Fibonacci correction of the previous upward impulse 1 from May.
The upward reversal from this support area started eth active short-term impulse wave 3.
Palladium is expected to rise further and retest the next round resistance level 1500.00 (former support from July).
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