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Palladium Wave Analysis – 02 September, 2019

  • Palladium broke resistance area
  • Further gains are likely

Palladium recently broke the resistance area lying between the round resistance level 1.5000 (previous upward target) and the 50% Fibonacci correction of the previous downward impulse from July.

The breakout of this resistance area follows the breakout of the resistance trendline of the daily Triangle from June.

Palladium is expected to rise further and retest the next resistance level 1575.00 (which reversed earlier upward impulses in March and July).

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