NEWS: Palladium price is falling 3.4% due to a strong US dollar after positive reports over latest US-China trade agreement.
Possible Scenarios:
If Palladium fails to breach through S2 of 948.21, our Research Department expects Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 948.21, our Research Department expects Palladium to extend its losses to its S3 of 940.15.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
940.15 |
948.21 |
956.26 |
967.00 |
977.74 |
985.80 |
993.85 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.93 |
(+/-) £75.75 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11193
***GBP/USD = 1.32022
Calculations for exchange rate used as of Monday, May 12, 2025, 15:24 GMT+1