Palladium Wave Analysis – 28 September , 2018

• Palladium broke long-term resistance level 1050.00
• Further gains are likely

Palladium continues to rise after the earlier breakout of the strong, long-term resistance level 1050.00 (which has been reversing the price from the start of February).

The breakout of the resistance level 1050.00 accelerated the active short-term impulse wave 5, which belongs to the medium-term impulse wave (C) from the start of September.

Palladium is expected to rise further and retest the next powerful resistance level 1120.00 (which stopped the sharp uptrend in January of this year).

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