Palladium price is rising 2.5%
November 4, 2026
NEWS: Palladium price is rising 2.5%, joining a broader rally in precious metals as the U.S. dollar weakens following the midterm election results.
Possible Scenarios:
If Palladium fails to breach through R1 of 984.81, our Analysis Department expects Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 984.81, our Analysis Department expects Palladium to extend its gains to its R2 of 995.73.
Support and Resistance Levels:
|
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
933.85 |
944.77 |
955.69 |
970.25 |
984.81 |
995.73 |
1006.65 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €88.94 |
(+/-) £74.19 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12431
***GBP/USD = 1.34795
Calculations for exchange rate used as of Wednesday, 04.11.2026, 08:15 GMT