NEWS: Palladium price increased 3.5%. Palladium is rising after the G7 leaders agreed to ban the import of Russian Gold. They did not ban the import of Palladium, but banning Gold reminds investors that Palladium could be next.
Possible Scenarios:
if Palladium fails to breach through Reference Price of 1941, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its Reference Price of 1941, our Research Department expects the Palladium to extend its gains to its R1 of 1962.52.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1887.20 |
1903.34 |
1919.48 |
1941.00 |
1962.52 |
1978.66 |
1994.80 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.1 |
(+/-) £73.01 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.05655
***GBP/USD = 1.22951
Calculations for exchange rate used as of 08:15 (GMT+1) 27/6/2022