Palladium continues to rise inside the short-term impulse wave 3, which broke earlier through the key resistance level 1085.00 (which stopped the previous impulse waves (3) and 1 – as can be seen below).
The breakout of the resistance level 1085.00 should accelerate the active short-term impulse wave 3 – which belongs to the medium-term impulse weave (5) from the middle of August.
Palladium is expected to rise further and re-test the next multi-month resistance level 1130.00 (which stopped the sharp uptrend at the start of this year).
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