NEWS: Palladium price is falling -3.4% after US dollar strengthened, reclaiming its traditional safe-haven role amid escalating Middle East tensions.
Possible Scenarios:
If Palladium fails to breach through S2 of 1631.79, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 1631.79, our Research Department expects the Palladium to extend its losses to its S3 of 1602.56
Support and Resistance Levels:
|
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1602.56 |
1631.79 |
1661.02 |
1700.00 |
1738.98 |
1768.21 |
1797.44 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £75.2 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18345
***GBP/USD = 1.33071
Calculations for exchange rate used as of Tuesday, March 3, 2026, 14:50 GMT