Palladium recently reversed up from the support zone lying between the support level 1650.00 (low of the earlier wave (ii), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from October.
The upward reversal from this support zone started the active medium-term impulse wave (3).
Palladium is expected to rise further toward the next resistance level 1750.00 (which reversed wave A of the previous correction (2)).
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