NEWS: Palladium price is increasing 1.6% after low inflation data from the USA.
Possible Scenarios:
If Palladium fails to breach through R2 of 924.67, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 924.67, our Research Department expects the Palladium to extend its gains to its R3 of 935.45.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
863.55 |
874.34 |
885.12 |
899.50 |
913.88 |
924.67 |
935.45 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88.12 |
(+/-) £76.57 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.13476
***GBP/USD= 1.30608
Calculations for exchange rate used as of Friday, April 11, 2025, 8:45 GMT+1