NEWS: Palladium price is falling 3.5% as general sentiment turns negative ahead of this week’s labor market data in the USA.
Possible Scenarios:
If Palladium fails to breach through S2 of 930.70, our Research Department expects Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 930.70, our Research Department expects Palladium to extend its losses to its S3 of 921.35.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
921.35 |
930.70 |
940.04 |
952.50 |
964.96 |
974.31 |
983.65 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €90.44 |
(+/-) £76.16 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.10566
***GBP/USD = 1.31303
Calculations for exchange rate used as of Tuesday, September 3, 2024, 14:47 GMT+1