Palladium: ⬆️ Buy
– Palladium reversed from support level 1270.00
– Likely to rise to resistance level 1400.00
Palladium recently reversed from the support zone between the support level 1270.00 (which stopped wave A in August), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from June.
The upward reversal from this support zone stopped the previous intermediate ABC correction (2) from the end of August.
Palladium can be expected to rise to the next resistance level 1400.00 (which stopped earlier waves (1) and B and which is the target price for the completion of the active impulse wave 1).
