Palladium Wave Analysis – 4 March, 2022

• Palladium broke resistance level 2700.00
• Likely to rise to resistance level 3000.00

Palladium continues to rise sharply after the price broke the resistance level 2700.00 (which stopped the previous minor impulse wave 1 at the end of February).

The breakout of this resistance level accelerated the active impulse wave 3, which belongs to the higher order impulse wave (C).

Palladium can be expected to rise further toward the next round resistance level 3000.00 (former multi-month high from last year).