Palladium: ⬆️ Buy
– Palladium reversed from support zone
– Likely to rise to resistance level 1400.00
Palladium recently reversed up from the support zone located between the key support level 1288.50, the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse wave (1) from July.
The upward reversal from this support zone stopped the previous intermediate ABC correction (2) from August.
Palladium can be expected to rise further toward the next resistance level 1400.00 – which stopped previous waves 3, (1) and B.