Palladium (spot) intraday: as long as 2421.50 is r

Palladium (spot) intraday: as long as 2421.50 is resistance look for 2336.25

XPDUSD

Trading Central 2021-01-14 05:36:04

Our pivot point stands at 2421.50.

Our preference: as long as 2421.50 is resistance look for 2336.25.

Alternative scenario: above 2421.50, look for 2454 and 2473.25.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Palladium (spot) is trading under both its 20 and 50 period moving average (respectively at 2394.85 and 2396.02).

Supports and resistances:

2473.25 **

2454.00 *

2421.50 **

2408.75

2394.42 last

2355.50

2336.25 **

Disclaimer

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