PALLADIUM - Key zone to Watch for the Next Move
XPDUSD is present in a key resistance zone, a level that has previously acted as a turning point for strong bearish reversals. The recent upward momentum leading into this zone increases the probability of heightened selling interest.This could set the stage for a potential decline toward the 957.900 level. But If the resistance is decisively broken, it could mean further bullish advances, suggesting a continuation of the upward trend.
In other words, XPD/USD is at a critical point, with the resistance zone likely to determine the market's next direction.
-Price to watch 957.900,
-A breakout would indicate further bullish continuation.
Remain disciplined, wait for definitive confirmation before entering positions. This shows the importance of careful analysis and adherence to trading plans.
Trade active
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.