Palladium Wave Analysis – 20 May 2026

Palladium : ⬆️ Buy

– Palladium reversed from support zone

– Likely to rise to resistance level 1450.00

Palladium recently reversed up from the support zone between the key support level 1350.00 (which has been reversing the price from October) and the lower daily Bollinger Band.

This support zone was further strengthened by the support trendline of the daily down channel from the start of April.

Given the strength of the support level 1350.00 and the oversold reading on the daily Stochastic indicator, Palladium can be expected to rise to the next resistance level 1450.00 (former support from April).