Palladium price is increasing 2.8%
November 5, 2026
NEWS: Palladium price is increasing 2.8% to trade at its highest level in over a week, as precious metals advance on hopes that US-Iran negotiations could succeed
Possible Scenarios:
If Palladium fails to breach through R2 of 1052.75, our Analysis Department expects Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 1052.75, our Analysis Department expects Palladium to extend its gains to its R3 of 1067.10.
Support and Resistance Levels:
|
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
971.40 |
985.76 |
1000.11 |
1019.25 |
1038.39 |
1052.75 |
1067.10 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.13 |
(+/-) £74.29 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12194
***GBP/USD = 1.34603
Calculations for exchange rate used as of Thursday, November 5, 2026, 1:56: PM