Palladium (spot) ST: as long as 2303.75 is support

Palladium (spot) ST: as long as 2303.75 is support look for 2591

XPDUSD

Trading Central 2021-01-13 10:13:04

2303.75 is our pivot point.

Our preference: as long as 2303.75 is support look for 2591.

Alternative scenario: the downside breakout of 2303.75 would call for 2199.75 and 2138.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace in the short term. The price is trading above both its 20 and 50 day moving average (respectively at 2379.13 and 2367.06).

Supports and resistances:

2716.00 **

2653.50 *

2591.00 **

2528.50

2397.63 last

2344.75

2303.75 **

Disclaimer

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