Palladium has found strong support around $850 and remains above the 200-day moving average (MA).
A bullish RSI divergence has formed on the weekly chart, and $850, previously a resistance level, has now turned into support.
However, a break and close below $850 would negate this bullish setup.
A bullish RSI divergence has formed on the weekly chart, and $850, previously a resistance level, has now turned into support.
However, a break and close below $850 would negate this bullish setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.