Palladium Wave Analysis – 20 March, 2019

• Palladium broke resistance level 1540.00
• Further gains are likely

Palladium recently broke through the resistance level 1540.00 (which stopped the previous impulse wave (3) in February).

The breakout of the resistance level 1540.00 accelerated the active short-term impulse wave 3 – which belongs to the medium-term impulse wave (5) from the start of this month.

Palladium is expected to rise further and re-test the next key resistance level 1600.00 (target price for the completion of the active impulse wave 3).