NEWS: Palladium price is falling -2.2% ahead of the Federal Reserve Interest rate cut decision today.
Possible Scenarios:
If Palladium fails to breach through S1 of 915.46, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S1 of 915.46, our Research Department expects the Palladium to extend its losses to its S2 of 905.31.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
895.15 |
905.31 |
915.46 |
929.00 |
942.54 |
952.70 |
962.85 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €95.34 |
(+/-) £78.77 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.04889
***GBP/USD = 1.26960
Calculations for exchange rate used as of Wednesday, December 18, 2024, 14:40 GMT