Palladium Wave Analysis – 6 January 2026

Palladium: ⬆️ Buy

– Palladium reversed from round support level 1600.00

– Likely to rise to resistance level 1950.00

Palladium recently reversed up from the round support level 1600.00 (former strong resistance from October, acting as support after it was broken in December).

The upward reversal from the support level 1600.00 created the daily Japanese candlesticks reversal pattern Hammer.

Given the prevailing daily uptrend, Palladium can be expected to rise to the next resistance level 1950.00 (which stopped earlier impulse wave 3).