NEWS: Palladium price is increasing 2.5% following better than expected China GDP and Industrial Production data
Possible Scenarios:
If Palladium fails to breach through R2 of 972.29, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 972.29, our Research Department expects the Palladium to extend its gains to its R3 of 982.05.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
916.95 |
926.72 |
936.48 |
949.50 |
962.52 |
972.29 |
982.05 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €96.95 |
(+/-) £81.91 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.03150
***GBP/USD = 1.22079
Calculations for exchange rate used as of Friday, January 17, 2025, 15:30 GMT