NEWS: Palladium rose on US President-Elect Joseph Biden $1.9 trillion stimulus plan.
Possible Scenarios:
If Palladium fails to break above Resistance 1 of 2477.90, our Research Department expects Palladium to undergo a short-term downward correction.
If Palladium manages to break above Resistance 1 of 2477.90, our Research Department expects Palladium to extend its gains to its Resistance 2 of 2495.08.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2397.75 |
2414.93 |
2432.10 |
2455.00 |
2477.90 |
2495.08 |
2512.25 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)82.57€ |
(+/-)73.49£ |
* 1 trading lot is equivalent of 100 units
** EUR/USD = 1.21095
*** GBP/USD = 1.36060
Calculations for exchange rate used as of 14:42 (GMT) 15/01/2021