NEWS: Palladium price is rising 3.4%, testing its highest price in two weeks, as trade optimism and recent positive inflation data in China have managed to support the palladium prices.
Possible Scenarios:
If Palladium fails to breach through R2 of 1194.86, our Research Department expects Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 1194.86, our Research Department expects Palladium to extend its gains to its R3 of 1212.80.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1093.20 |
1111.14 |
1129.08 |
1153.00 |
1176.92 |
1194.86 |
1212.80 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.25 |
(+/-) £73.52 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17309
***GBP/USD = 1.36021
Calculations for exchange rate used as of Thursday, July 10, 2025, 11:55 GMT+1