• Palladium broke round support level 900.00
• Likely to fall further
Palladium continues to fall sharply after the earlier breakout of the key round support level 900.00 (which stopped the previous medium-term impulse wave (C) in April, as can be seen from the daily Palladium chart below).
The breakout of the support level 900.00 accelerated the active medium-term ABC wave (2) from the middle of April.
Palladium is likely to fall further and re-test the next support level 840.00 (former support from July of last year).