NEWS: Palladium price is rising 2.9% as the war in Iran continues to escalate.
Possible Scenarios:
If Palladium fails to breach through R2 of 1691.08, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 1691.08, our Research Department expects the Palladium to extend its gains to its R3 of 1723.69.
Support and Resistance Levels:
|
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1506.31 |
1538.92 |
1571.52 |
1615.00 |
1658.48 |
1691.08 |
1723.69 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
|
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £74.82 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.18345
***GBP/USD=1.33649
Calculations for exchange rate used as of Monday, March 9, 2026, 13:19 GMT