Palladium: ⬆️ Buy
- Palladium broke resistance level 1100.00
- Likely to rise to resistance level 1200.00
Palladium recently broke the resistance zone between the resistance level 1100.00, resistance trendline of the daily up channel from April and the 61.8% Fibonacci correction of the downtrend from October.
The breakout of this resistance zone accelerated the active minor impulse wave 3 of the intermediate impulse wave (C) from April.
Palladium can be expected to rise to the next resistance level 1200.00, target price for the completion of the active impulse wave 3.