Palladium has emerged as the second strongest precious metal this year, demonstrating notable resilience. Over the past three weeks, however, its price has experienced a retracement, revealing two potential weekly demand zones on the chart. An analysis of the Commitment of Traders (COT) report indicates that this pullback is not driven by non-commercial traders, who are actually increasing their positions. This discrepancy suggests that the recent decline may be a false move by the market. Consequently, I am considering placing limit orders within the two identified demand areas to capitalize on a potential rebound.
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🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
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🟪 Instagram: instagram.com/forexn1_com/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
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.