NEWS: Palladium price is falling 1.4%, hitting a five-week low amid concerns that Trump's tariffs could prompt trade war, leading to a global recession and reduced demand.
Possible Scenarios:
If Palladium fails to breach through S1 of 903.16, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S1 of 903.16, our Research Department expects the Palladium to extend its losses to its S2 of 893.16.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
883.15 |
893.16 |
903.16 |
916.50 |
929.84 |
939.85 |
949.85 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €90.67 |
(+/-) £76.85 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.10293
***GBP/USD = 1.30115
Calculations for exchange rate used as of Friday, April 4, 2025, 11:50 (GMT+1)