Palladium trading analysis
Click on the chart image to enlarge it
PA-Palladium
The instrument is testing the 1160-1200Â zone on the monthly chart and so far is reversing from it. This test is significantly important for the reversal or a continuation higher.
Note: on a Daily chart below you can see the rising wedge in the mentioned consolidation zone 1160-1200. Only a daily close above 1200Â would be a sign of the uptrend continuation. For the short trade entries as this is the rising wedge (usually bearish) wait for a daily close below the 1140 level.
